Read the rest here.“Never in the history of Finance was so much charged by so many for so little.”? Simon Lack in The Hedge Fund Mirage: Illusion of Big Money and Why it's Too Good to Be True
We often hear that hedge funds are run by the best and the brightest. Their strategies tend to give them ultimate flexibility and of course the highest fees. And most marketing materials claim they can offer investors absolute returns, with lower levels of risk than the market.
Unfortunately for many investors this is simply not the case. I don't want to overgeneralise because there are many excellent hedge funds with great records but as a group they really have not delivered the goods. In fact their performance has been shockingly bad. Here are the findings of some of my research:
The Royal Gazette: Most Hedge Funds Suck
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The Royal Gazette: Most Hedge Funds Suck
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