Should You Join The Hedge Fund Circus?

Illustrations For TIME By BARRY BLITT

How's this for a sales pitch: we're going to take your money and invest it in an almost indescribably complex way. Some of our strategies may be similar to those that caused the infamous 1998 collapse of Long Term Capital Management, an investment house saved by a $3.6 billion injection from a collection of the financial world's biggest companies and the intervention of the U.S. Federal Reserve Bank. Oh, and don't forget: we'll help ourselves to commissions of up to 20% of your gains, our products are barely regulated, they're not registered with the U.S. Securities and Exchange Commission (SEC) and...

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