Wouldnt you like to invest in a hedge fund? No, not so much... from 1998-2010 [hedge funds] returned only 2.1% annualized on a money-weighted basis... During that time frame, he estimates that hedge fund managers earned $379 billion in fees, while “real investors” earned only $70 billion in profits. Thus, the operators earned 84% of the investment profits and investors only 16%. But wait, there’s more. These figures don’t account for fund of funds, which add another layer of fees and through which around one-third of hedge funds are purchased. Including these brings industry fees up to $440 billion, or a whopping 98% of the profit pool, leaving only $9 billion for investors. forbes/sites/greggfisher/2012/01/23/chasing-the-mirage-of-hedge-fund-returns/
Posted on: Sun, 16 Feb 2014 19:08:27 +0000
Trending Topics
© 2015