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Hedge funds make use of shortselling, leverage and discretion to magnify their gains, but as the FT's senior investment columnist John Authers points out, their techniques involve huge risks and they reward themselves too handsomely.
► FT Wealth: http://bit.ly/1e3996C
► FT Global Economy: http://bit.ly/1J5mmqH
► Chinese Governments Unable to Convince MSCI: http://bit.ly/1I9an7I