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The (Uncertain) Payoff from Alternative Investments: Many a slip between the cup and the lip?

Musings on Markets

The second is art , ranging from paintings from the masters to digital art (non-fungible tokens or NFTs), that presumably offers owners not just financial returns but emotional dividends. With hedge funds, the fading of excess returns over time has been chronicled. in the 1990s to 0.87 in the last decade.

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