Hedge funds are underperforming the benchmark U.S. index for the fifth year in a row, or 97 percentage points since the end of 2008.
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Replying to @JohnNetto
As they say: A remuneration scheme, not an asset class. MT @JohnNetto "Hedge funds under-performing by 97% since 2008" /ht @carlcarrie

Dec 24, 2013 · 2:12 PM UTC

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Replying to @eddelbuettel
@eddelbuettel @carlcarrie Alternatives are a great place to find alpha, and an even worse place to overpay for beta...