Hedge funds pool the assets of several clients and manage these assets on their clients behalf. Directional

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Hedge funds pool the assets of several clients and manage these assets on their clients’ behalf.

Directional hedge funds take a stance on the performance of broad market sectors. Nondirectional funds establish market-neutral positions on relative mispricing. Even these hedged positions still present idiosyncratic risk.

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ISE Investments

ISBN: 9781266085963

13th International Edition

Authors: Zvi Bodie, Alex Kane, Alan Marcus

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