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Hedge funds and private equity are thriving … thanks to pension funds

Guardian – Five years after the collapse of Lehman Brothers and two years after the Occupy Wall Street protests erupted in Zuccotti Square, hedge funds and private equity funds are alive and well.

This was not a foregone conclusion during the darkest days of fall 2008. Many critics were more than eager to write their obituaries, dismissing these alternative funds as simply a byproduct of the excesses that plagued an era now clearly drawing to an end. In the cold light of day, hedge funds and private equity funds would be revealed as the financial flim-flam artists that many doubters assumed them to be.

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