A quick Take on Hedge Funds.

While investors are still learning what happened to them in the 1990s and are trying to get their money back, they find themselves facing a new set of dangers — in some cases from the same people who victimized them before. And while it’s been difficult for all investors, smaller investors have had a particularly tough time. During the 1990s small investors lost out to professional financial firms that manipulated the market; this time they’re likely to lose out — if they’re not careful — to other sophisticated investors as well.