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Tuesday, January 31, 2006

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Hedge fund dropouts

Yep. It's a hedge.

You've probably heard about hedge funds. They're basically fancy mutual funds for rich people and institutions. Not long ago, anybody with a Bloomberg terminal and a couple wealthy friends could start one. Many left traditional jobs on Wall Street for the promise of spectacular profits. But some say the glory days may be drawing to an end. And many who struck out on their own are now returning to the fold. Amy Scott reports.

Yep. It's a hedge. (Stephen Munday/Allsport (c) Getty Images)

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