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A Closer Look At A Hedge Fund Failure – Smarter Investing

by investing.ibkram.com posted 2months ago 45 views
More skepticism is needed in hedge fund reporting. : The story, attributed to Sofia Horta e Costa and Bei Hu, was about Philippe Jabre, a Swiss-based hedge fund manager closing three funds after an “especially challenging” year. As is the tradition in these situations, Jabre penned a farewell letter to clients in which he explained in anodyne language why he was closing the funds and returning what was left of their money.

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