danwang.co/what-are-hedge-funds-and-what-social-functions-do-they-serve

(Published in prettier formatting on Medium.) J. Pierpont Morgan died in 1913 with a fortune of about $1.5 billion in today’s dollars. For his sway over Wall Street he was nicknamed “Jupiter,” after the Roman king of the gods. In 2013, four hedge fund managers took home over $2 billion as income each, with the top manager …


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