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Hedge Funds Under Attack as Steve Cohen Says Talent Is Thin

  • Point72's billionaire founder `blown away' by talent shortage
  • Remarks follow Buffett slamming fees, Loeb seeing a `washout'
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Asness: People Are Too Negative on Hedge Funds

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In less than seven days, hedge funds have been subject to a three-pronged attack by some of the biggest names in finance.

Steve Cohen, the billionaire trader whose former hedge fund had racked up average annual returns of 30 percent before pleading guilty to securities fraud three years ago, became the latest critic of the business, saying he’s astounded by its shortage of skilled people.