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October 08, 2006
Milestones of the Hedge Fund Industry
Do you invest in ‘Hedge Funds’? If ‘yes’ are you aware of its history? Who started the concept of ‘Hedge Funds’ and what was the motive behind it? When the first hedge fund established? Read further to know a few facts regarding hedge funds.
With the intention of reducing the dependency in the stock market and to enjoy the advantage of holding long term stocks by selling short term stocks frequently, Alfred.W.Jones started the first hedge fund in 1949.
Looking at the profits that this hedge fund made by the mid 1960s, innumerous helge funds cropped up into the US market. But due to market conditions, many hedge funds toppled by the late 1960s and during the wake of 1970s
However, a few survived the hard times of the 1970s. As on date, the consequence of investing in hedge funds is highly uncertain in the US market due to inexplicable increase in the interest rates there.
Read more on "Hedge Funds Slowing Down?" in one of our previous post to know the trend of Hedge Funds in the current market.
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