Who Needs A Hedge Fund Anyway?
Friday, August 22, 2008 : PermalinkCNBC – Returns are meager or negative, capital flows are slowing and hedge funds appear to be folding at a record rate; so monied investors might be prompted to ask … who needs a hedge fund anyway?
“Institutions have taken over the hedge fund space," says Morningstar analyst Nadia Van Dalen, adding they are intrinsically better able to identify the best-performing funds and then pour money into them. “The high net worth investor is at a worse disadvantage now [than in the past].”
So much for letting the individual investor play with the Big Boys.
Tags: absolute-return, allegations, barriers-to-entry, management-professionals, medallion, ron-beller, star-ratings, third-party, volatility, walker-llp
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