Saturday! "The Jones Nobody Keeps Up With"

In these days of exploding hedge funds (and prop desks) it's nice to note that The Original Hedge Fund, set up in 1949, still exists - though it has long since morphed into a fund of funds (with an early investment in Julian Robertson's Tiger Fund, apparently.)

Here is the classic 1966 article in Fortune by Carol Loomis that brought hedge funds into general public awareness. Four years and hundreds of startups later, she wrote this piece, which seems eerily familiar.

And 40+ years later, here we are!


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And going even further back, here's what Jones wrote just before embarking on his historic venture at the tender age of 48