Private equity rocks?

Hedge funds in headlines again, for all the wrong reasons

Hedge funds, the most modern kind of smoke-and-mirrors investment fad, are in the headlines once again, for all the wrong reasons. The woes of Red

Kite Metals LLC, a metals-special hedge fund launched in October 2004, have also attracted adverse attention to the swathe of debt-saturated private equity fund deals moving at a cracking pace through countries across the globe.

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