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Brave New Hedge Fund World
If trends continue, future generations may make no distinction between the
traditional money management business and the hedge fund industry. In-
stead, business practices reflect the lessons of the traditional managers and
the hedge fund managers. Managers in banks, insurance companies, bro-
kers, and other financial institutions will share knowledge of investment
management derived from traditional portfolio management and from al-
ternative investment managers. With the help of constructive oversight
from governmental regulators, this merger to the mainstream will make for
stronger financial markets and better-managed portfolios.

Conclusions
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