1. All told, the number of hedge funds peaked in 2014 at 10,142.

2. Over the past five years, the hedge fund index lost 13.6%, while the indices added 8.6%.

3. The number of new hedge funds was also down in the period.

4. The gift to the hedge funds was the first year when the market was imploding.

5. The problem is not just that the hedge funds and executives are getting rich.

6. Most hedge funds are free to place bets for and against just about anything.

7. Investors are looking for a hedge against inflation and a decline in the dollar.

8. In theory, hedge funds make money or at least lose less when markets are in a death spiral.

9. Lee and his hedge fund then purchased Yahoo shares that day, according to the affidavit.

10. Like other types of hedge funds, the firm has a research department.

11. That is the kind of margin on which hedge fund fortunes are built.

12. Developers are trying to hedge for risks resulting from the worsening security situation.

13. The situation is even worse with hedge funds.

14. As hedge funds lagged the broader indexes, investors began to question the wisdom of these vehicles.

15. Omega is the second large hedge fund to be rocked by an insider trading investigation this year.