What Was the Very First Hedge Fund? Ask Warren Buffett
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April 24 (Bloomberg) -- The legendary economist andinvestor Benjamin Graham is widely known as the father of valueinvesting. He may also be the father of the hedge-fund industry.
While most historians and industry professionals creditAlfred Winslow Jones with launching the first hedge fund in1949, some people, including Graham’s protege, Warren Buffett,disagree.