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Hedge funds are supposed to be big risk takers taking actions like options trading and short-selling that regular mutual funds for smaller investors were never allowed to do.
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"You have to be big risk-takers to win it," says Cohen, now the comanager of Smith Barney Appreciation, a mutual fund emphasizing ROE.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com