In recent years, a batch of hedge funds that trade liquid, more exotic markets has reported attractive double-digit returns, while the rest of the hedge fund industry has struggled to produce the kind of returns investors have come to expect.
Q4 hedge fund letters, conference, scoops etc
These hedge funds eschew mainstream equity and credit markets in favor of less liquid, complex markets where barriers to entry are significant, but the potential returns are higher.
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Marathon Asset Management, the $15 billion Asset Management Group
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