Hedge funds get some heavy trimming
Investors are yanking millions out of the hedge fund industry, fourth quarter data shows. The trend will continue unless hedge funds start performing more effectively.
Investors are yanking millions out of the hedge fund industry, fourth quarter data shows. The trend will continue unless hedge funds start performing more effectively.
By Joshua M. Brown, Guest blogger
Man, has this game gotten tough.聽 Anyone who tells you it's easy is a charlatan.
Even the supposed "best and brightest" in the hedge fund industry are struggling - and the investors are saying hasta la vista.
Here's Steve Eder at the Wall Street Journal:
The amounts are small, but the chasm between large funds and small is widening.
It's not enough to just be a hedge fund anymore.聽 Now you have to actually perform.聽 Big shift.