Word: hennessee
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The calculation does not include gains that some of the funds may have made in Monday's rally, but analysts say those won't be nearly enough to make up for the hundreds of billions of dollars that the funds are down. "The losses should concern every investor because these...
Still, despite the big losses, hedge funds have fared relatively well compared with the overall market. The average hedge fund was down 10.3% through the end of September, according to Hennesse. That compares with a drop of 21% for the S&P 500 in the same time period. Many large...
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