Hedge funds：risk and return

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Burton G. Malkiel　　Atanu Saha*

The authors are with Princeton University and Analysis Group respectively. We are enormously indebted to Chia Hsun Chang, Derek Jun, Jonathan Blumenstein, and Alison Jonas for invaluable research assistance. We also want to acknowledge the help of Emil Czechowski, Kevin Laughlin, Frank Vannerson, and Basak Yeltekin. This work was supported by Princeton’s Center for Economic Policy Research.