Study shows upwards of 80% of hedge fund employees never actually knew what the word âhedgeâ meant Chicago, ILâA recent study conducted by the Gallop Group showed that of 5,000 hedge fund employees surveyed during 2006-2007, 83% of respondents were unable to correctly define the word âhedge.â âItâs just like, you know, part of the titleâ said one trader confidently. âAnother way of saying âbadassâ fund or ârockstarâ fund.â âMy Range Rover is hedge,â he insisted, as if to corroborate. Other responses were equally absurd, ranging from âa Greek wordâ to âsome Jewish dudeâs last name.â When told that hedging involved systematically eliminating risk, most subjects just stared ahead blankly. Others checked the time. Several respondents were able to eventually grasp the concept, but they found it quite novel. âOhhhâ¦you mean thatâ¦â said the portfolio manager of a $500M fund, as if a light bulb had gone off inside his head. He then added: âYeah, we didnât do that shit at all.â http://www.leveragedsellout.com/200...ever-actually-knew-what-the-word-hedge-meant/ lol is this for real?