Going long: Managers collect fees and avoid shorts and high-water marks

October 29, 2009  


As institutional investors pull hundreds of billions of dollars from hedge funds and while a bull market is under way, the answer is simple: Go long.

By Katrina Dean Allen When William von Mueffling, the founder of Cantillon Capital Management, announced in June he would shut his hedge funds and convert into a long-only traditional money management shop, the investment community was stunned. Cantillon was the …

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