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Multi-Strategy Hedge Funds: The Truth Many Are Not Going To Like

by Brian Payne, Head of Portfolio Construction  

It is easy to hate Multi-Strategy Hedge Funds—they are no underdogs. The truth is they have been cheap, not expensive. Going forward, they come at a higher cost not just in the form of fees. The biggest risk is not to financial markets but to investors. We remain underweight cyclically, long structurally.

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