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If a manager produces a reported of 12% over a period of 10 years before any fees are taken out, which one of the following
If a manager produces a reported of 12% over a period of 10 years before any fees are taken out, which one of the following will have likely produced the smallest amount of gains (dollar of gain per dollar originally invested, not on a percentage basis) for its investors?
A. LBO fund
B. Hedge fund
C. Mutual fund
I know it is not B, hedge fund. Between A and C, which would it be, generally?
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