CNBC – 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.
