Although many investors feel that it is a fund managers job to disinvest from equities in a downturn and move back into equities as they bottom out. Most managed funds are constrained by their mandate to remain invested in equities at all times.As an unconstrained absolute return fund, the BlackRock AAA Fund’s ability to take advantage of opportunities in any market provided investors with exceptional returns in 2008.Having discussed the pros and cons of hedge funds in general and highligting
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