What Do Hedge Funds Do?
Michael Giberson If you, like J. Bradford DeLong, are wondering “what the hell they are doing that is worth that kind of money,” then Bookstaber’s book can help. One point of Bookstaber’s argument is to illustrate the problems with the term “hedge fund.” While “hedging” has a particular meaning, and “fund”, too, is well defined, … More What Do Hedge Funds Do? … More What Do Hedge Funds Do?