Quote from Covertibility:
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Hedge funds...lol. Just stick with the low cost index fund. Too many jokers out there.
How about putting up the equity curve of SAC going back 10 years compared to S&P and other indices... maybe 1 or 2 negative months for a given year.
Yes the majority of funds is worthless.. because the bigger something becomes the less talent it attracts. At this point I personally would no invest in a hedge fund unless I knew the people that run it personally.. or I had a role in the fund.