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The Hedge Fund Mirage: The Illusion of Big Money and Why It's Too Good to Be True The Hedge Fund Mirage: The Illusion of Big Money and Why It's Too Good to Be True by Simon Lack
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“Invest off the beaten track, with small undiscovered managers; negotiate preferential terms, including a share of the business or at least preferential fees and reasonable liquidity; demand (and do not accept less) complete transparency about where”
Simon Lack, The Hedge Fund Mirage: The Illusion of Big Money and Why It's Too Good to Be True