Alex Berenson Using Quotations

Hedge funds try to produce above-average investment returns using tactics ranging from traditional stock-picking to complex derivative and arbitrage plays. High minimum investments, redemption restrictions and aggressive strategies make them suitable mainly for more sophisticated and well-heeled investors.

Electronic communications networks match trades between investors directly, without using a market maker or specialist as an intermediary.

In the short run, using militias might be the quickest and easiest way to improve order on Iraq's streets and uproot the terrorists and guerrillas who routinely attack American troops and civilian targets.