Seekingalpha.com – The tide has gone out for hedge funds. Many have indicated that they "feel" X% of the hedge fund industry will go under. Perhaps a little data and a crude stab at a model will improve a rather dire debating point.
The term hedge fund basically means anyone who believes they can manage money and get away with justifying a 1-2% management fee and 15-44% performance fee, it has become more compensation class than asset class and has been for years for many.
