What are Hedge Funds?

The sums racked in by hedge-fund managers dwarf even the incomes of top corporate CEOs and Wall Street bankers. The average among them earned nearly $1.5 million a day, every day, for the entire year, or over $1,000 every minute. The top three pulled in over $1 billion each. Meanwhile, wages for the majority continue to stagnate or decline. So, what are hedge funds? (more…)
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