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Top links: Hedge funds get rich at pensioners’ expense

A roundup of what The Globe and Mail's market strategist Scott Barlow is reading this morning on the World Wide Web.

As Warren Buffett famously predicted, the hedge fund industry is devolving into a shell game where managers become billionaires at the expense of pension clients. Mr. Buffett bet that index funds would beat the average hedge fund and he’s turning out to be right yet again.