Hedge Funds: A Solution For, Or Source Of Risks?

RYE, NY--Undeterred by the Long-Term Capital Management (LTCM) debacle, financial institutions are dealing unwanted risks to hedge funds, which are taking over as primary providers of market liquidity and speculative capital. Hedge funds have snatched up a growing market share from broker-dealer's proprietary trading desks that have been stripped of key talent and capital. That is the conclusion of a recently-released report by Tass Investment Research and Tremont Partners, two research firms

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