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Prof. Jim Liew on hedge fund strategies

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Excerpt from Reuters -- "'Investors anoint a new hedge fund demi-god all the time,' said professor Jim Liew, who teaches hedge fund strategies at New York University's Stern School of Business. 'But they are bound to be disappointed because the rule of thumb is that a manager who can be up 40 percent one year can be down 40 percent the next. They are absolutely human.'"

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