Hedge funds get a bad reputation due to their high fees. However, ETFs allow investors to benefit from the asset class without the big fees. More
Hedge funds are formed when many investors or institutions collectively invest in select stocks chosen by the fund’s manager. Many funds operate as LLCs or partnerships to reduce liability and are often overseas to avoid taxes. Hedge funds may gain infamy from scandals like Bernie Madoff, but the funds also provide investors with valuable insight into which stocks institutions are investing in.
Warren Buffett and hedge-fund billionaires moved a lot of stock last quarter, but the most recent 13Fs showed no bold new bets worth copycatting. More
A new book says that hedge fund billionaire Steven A. Cohen paid celebrity chef Guy Fieri just to be his friend for a day. More