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Well first of all thanks for the response, as you can tell im pretty much lost when it comes to the industry seeing as i have no experience. So you say a HF manager tries to increase risk profile? I thought the idea was to beat the market on a risk neutral basis (eg: Beta=1) no?
I definitely understand when you say that a manager should invest to his clients needs, and that definitely is worthwhile and useful to society, but thats no hedge fund…
and definitely makes sense that its not as rock-star as i thought, would you be able to tell me what the wealth management industry is like?
Thanks!