Los Angeles Times

Reform capitalism or face revolution, billionaires are told at Milken Conference

BEVERLY HILLS, Calif. - The atmosphere of incongruity that pervaded this week's annual Milken Institute Global Conference was practically palpable.

The gathering of billionaires, hedge fund managers and other financial industry professionals who converged on the Beverly Hilton hotel largely had a particular end in mind: how to increase their alpha, which, not to get too complicated, means improving their investment returns.

But while the 5,000 attendees could go to sessions on the state of capital markets, listen to the chairwoman of the International Monetary Fund and

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