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Who manages the portfolios at investment advisory firms and investment companies, and how are those managers compensated? What are hedge funds, and how do they

  1. Who manages the portfolios at investment advisory firms and investment companies, and how are those managers compensated?
  2. What are hedge funds, and how do they differ from other professionally managed investment products?
  3. When evaluating a sample of portfolios, how do you determine how well diversified they are?

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