How to Beat Hedge Funds at Their Game, According to Baupost Alum

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This year’s bear market in stocks has drawn a lot of attention to hedge funds, many of whom have been doing much better than the market as a whole. But what if you could package some popular hedge-fund strategies into ETFs that charge a fraction of the management fees, and don’t come with all the strings attached about who can invest in them and when they can cash out? Andrew Beer has been working on exactly that — and successfully so — with a fund that he co-manages at Dynamic Beta.

Read the full article on Bloomberg.