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40 Act hedge funds are targeted primarily to _____. They tend to _____ the offshore hedge fund market due to SEC restrictions on leverage and

40 Act hedge funds are targeted primarily to _____. They tend to _____ the offshore hedge fund market due to SEC restrictions on leverage and diversification.

A) retail and smaller institutional investors; underperform
B) retail and smaller institutional investors; outperform
C) pension plans; outperform
D) open-end mutual funds; underperform

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