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Essay text:
Although the founder of this largest fund, Mr. Jon Wood has a record that shown he has never lost money for the 16 years, there is no evidence to proof that the return of the hedge fund can be expected and protected. While the hedge funds are targeting the high risk investment, in other word, the loss may be higher than the other low risk investments. Also, since the investors are depending on these founders to perform their own fund during the locked period, the investors have no way to stop their unpredictable losses.
A performance measurement is very important for calculating the return of the hedge fund...
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