How a Communist Built The World's First Hedge Fund

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Alfred Winslow Jones created the world’s first hedge fund and changed the financial landscape forever. [1]

Yet, he didn’t start out as an investment banker. In fact, he started out as a Marxist!

His studies in sociology and career in journalism helped him figure out a neat trick for finessing the market.

At the time, his novel idea flew under the radar.

But nowadays the hedge fund industry has between two and five trillion dollars in assets. [2]

That’s why some people curse Jones’s invention.

They say his idea only helps the elites while working folk pay the price for market crashes. They say lack of regulation means hedge funds are shady, and helped cause the global financial crisis.

However, finance fans will protect Alfred Winslow Jones with an ironclad defence: hate the game, not the player.

Alfred had unknowingly strengthened the muscles he’d need to lift up the world’s financial system.

But none of it would have happened without a chance encounter.

It’s time to understand how history works as we explain “the story of the first hedge fund”.


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https://www.investopedia.com/terms/h/....
  / alfred-winslow-jones-the-father-of-the-hed...  
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https://www.bls.gov/opub/mlr/1990/09/...
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