Endnotes
Chapter 1
1. Matthew P. Fink, The Rise of Mutual Funds (New York: Oxford University Press, 2008). According to Fink, the first mutual fund was the Massachusetts Investors Trust, which was started on March 21, 1924.
2. Some researchers dispute whether the Jones model was the first hedge fund. These authors point out that the idea of combining short positions with long positions predated Jones’s fund and that arbitrage techniques also had been employed by portfolio managers for many years prior to the Jones hedge fund.
3. Alfred Winslow Jones, “Fashions in Forecasting.” Fortune March 1949: 88–91, 180, 182, 184, 186. A. W. Jones received ...
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