Hedge Funds Are Screwing Up Again (Daily Wealth)

[dealmaker]

Hedge Funds Are Screwing Up Again (Daily Wealth)
Hedge funds saw lousy performance last year… And this year, it looks like they’re aiming for a repeat. According to my contacts on Wall Street, the average hedge fund returned between 7% and 10% last year. And Hedge Fund Research recently reported that the average hedge fund was up 10.4% in 2019. Either way, that’s downright terrible performance. Remember, it’s versus a total return of 31.5% for the S&P 500 Index. The amazing part is, that was the best annual performance for the industry since 2009. But it wasn’t enough to keep investors interested.

 

[zdreg]

Hedge funds had a great run. 2% +20 fees was one of the longest lasting scams of all times. Payment for mediocre performance is foolishness. People with inflated egos thought they were members of an exclusive club when the hedge fund accepted their money. Is the hedge fund industry in current form finished? Sadly it is not.

 

[Edmond]

^^^well said.

 

[zdreg]

thought they were members of an exclusive club when the hedge fund accepted their money

As Groucho Marx, the comedian and great commentor on life, once said I don't want to be a member of any club that would have me as a member.
Take it too heart. It is true in so many areas of life.

 

[TommyR]

what i dont get thought is where's all the money? billions and billions printed a week, where's it going

 

[zdreg]

what i dont get thought is where's all the money? billions and billions printed a week, where's it going

It's not going to the hoi polloi. (
(noun
DEROGATORY
the masses; the common people.)

It going to the pockets of members of the Congress of the US,

 

[dealmaker]

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https://twitter.com/x/status/1245491626979491841

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