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What Hedge Funds Will Do After the Hedge Fund Model Dies

  • As long-short withers, firms turn to niches like private debt
  • This story is part of a series on the future of investing
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Long and Short on Hedge Funds Isn't Working So Well

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The long and short on hedge funds is that long and short isn’t working so well anymore.

That’s the rather simple strategy that built the $3.2 trillion industry — the once-durable buying long when you figure an equity will go up and selling short when you reckon the opposite — and that basically put the “hedge” in hedge fund. These days it’s unreliable, at best.