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Surprise! Hedge funds’ business model turns out to be illegal after all

Here’s a huge surprise (not). It turns out that hedge funds are making money by cultivating a network of well connected insiders, and making bets on information not generally available to the public.* sound of deep thought *Anyway, here’s the Bloomberg article “Galleon Not Good News for Hedge Funds”The Galleon Group insider-trading investigation may sap ...

 

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