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The Business EconomistAndrew Lo is a major figure in finance so his new book on the fast-moving world of hedge funds ought to be in the 'must read' category. . . . The book is the authoritative distillation into an accessible form of a huge amount of academic research and practical experience. . . . Professor Lo gives a masterful illustration of the problems in gauging hedge fund performance with his famous fantasy fund Capital Decimation Partners.
— Steven Bell