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Quote of the Day
"The hedge fund sector is now like the restaurant business. Few of the new hedge funds that open are still standing two years later. Older hedge funds stay open but their menus are not so much a la carte as a la correlated...there are too many hedge funds making too average returns, so it’s long overdue for there to be a substantial supply cull."(Anonymous hedge fund manager)
Chart of the Day
China’s stock market was a big loser in 2018.