Morgan Stanley Investment Chief: Hedge Funds Have Become Volatility- Shy

Daily News; White Plains › January 13, 2005

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Summary

NEW YORK (HedgeWorld.com) - After years of being considered synonymous with excessive risk, hedge funds are now avoiding it and becoming more like mutual funds, a hedge fund veteran said Wednesday.

According to Morgan Stanley Managing Director and Senior Investment Strategist Byron Wien, there has been a philosophical shift in the industry toward reducing volatility and making do with lower returns.

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Morgan Stanley Investment Chief: Hedge Funds Have Become Volatility- Shy

"This is the most serious problem facing the industry," said Mr. Wien, speaking at a...

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