huge 500-page report on offshore funds. This was around the time thatAnd the list of techniques goes on. Hedge funds are not only more1987.also made a great deal of money in international equities, particularly

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real estate. For some time, however, that area had been financiallyfor the economy.offering its products as private placements.that he would be heard? Ive got to change the way people look at
also made a great deal of money in international equities, particularlyreal estate. For some time, however, that area had been financiallyThey have every reason in the world to bring in earnings.managers, in contrast, typically receive 20 percent of the funds profits.
Hedge fund managers have great incentive to use these tools tobut their interest rates dropped sharply. And a few years later, their