Two years ago, in June 2009, the American economy emerged from recession, according to the National Bureau of Economic Research. But as this week's Economist noted, with typical British understatement, "The recovery has been a disappointment."
Hedge funds have become the bogeymen of the investment marketplace. They can conjure bad memories of fraudulent operators like Bernard Madoff of Palm Beach and Arthur Nadel of Sarasota.
But hedge funds also can protect against sudden downturns in the market, an investment expert said Thursday.
