Finally Someone Who Doesn't Hate Hedge Funds

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It turns out hedge funds do have a friend in this world- China. While legions of politicians in DC spend countless hours and dollars determining how best to handicap the hedgies' ability to operate in the free market, the sovereign wealth fund of the People's Republic is ready to part with $500 million and see what ruthless speculators such as Blackstone can do with it.
CIC Said to Invest $500 Million in Hedge Funds, Blackstone [Bloomberg]

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