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Fidelity dumps two liquid alts managers after they fail to deliver the vaunted 'hedge effect' in stormy markets

The Boston giant gave Arden, then Blackstone, the bum's rush after their halo effect was tarnished by high expenses, low returns

Author Irwin Stein April 8, 2016 at 6:12 PM
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Josh Charlson: Although the high costs have come down, returns have not surpassed their hurdle rate.


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