That is, while most large firms that offer group health coverage typically see takeup rates (the proportion of those eligible for coverage who actually elect to purchase it) of 75% to 90%, at WalMart, the rate is only about 50%.
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This is the oldest alternative strategy and lies at the origin of the term hedge fund. Back in 1949, Alfred W. Jones set up an equity portfolio by purchasing his preferred shares and short selling those which he believed to be the weakest.
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