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jiggy2011

"Hedge fund managers now are no better than the managers of 10-20 years ago, the system has evolved to favor them more."

Don't hedge funds now have better technology and bots etc that boost the productivity of each trader?

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Yes, but at the same time there are many more hedge funds canceling out the relative advantage of each trader.

Yes, but that makes the market as a whole more effective.

In what sense "more efficient"? There is nothing that says that just because some people have become better at making money the market as a whole is working better.

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