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On hedge funds' huge advantage


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Here comes another brilliant quote. It's from Julian Robertson, legendary hedge fund manager and founder of Tiger Management Co.:
"I think hedge funds have always had the huge advantage that they are the best way of paying the best money managers. And so the best money managers have matriculated to hedge funds, and I think that's why they are doing better than the rest of the crowd and they'll continue to."
Needless to say, I agree with Julian.


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