Forbes – Three hedge-fund heads discuss funds’ performance over the last year and debate potential tax code changes.
Funds Lost Their Hedge? David Serchuk: OK, everybody, thank you for meeting with us today on the Forbes.com Intelligent Investing Team. It’s a panel of hedge fund managers, so we are going to get rolling. Question one, something that should be very near and dear to your hearts: Have hedge funds lost their hedge? Why not just go for a cheaper, traditional money manager instead of your lot?