Certain hedge funds have been employing an investment strategy known as risk parity, which is safe, measured, cautious. Not unlike most of the movie characters played by Steve Carell.

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Hedge funds such as AQR, Invesco, and Bridgewater Associates, which ranks as the world's largest hedge fund, have been struggling lately. Indeed, according to a Reuters report, Bridgewater's All Weather Fund declined 6 percent through June and is down 8 percent for the year, despite market gains of nearly 9 percent.

The problem, according to experts, is that these funds all employ an investment strategy known as risk parity, which can best be explained through Steve Carell's most memorable movie roles.