Hedge funds ruled the finance playground; now SAC Capital is just the latest black eye

  • Article by: CHRISTINA REXRODE , AP Business Writer
  • Updated: July 26, 2013 - 6:29 AM

NEW YORK — Hedge funds were once the rock stars of the financial industry. The smartest people worked for them. The wealthiest gave them their money. They were an easy path to fortune.

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