(Yahoo Finance) There was one trend that was constant among hedge funds this year — and that was to criticize them.
There’s going to be a “washout in hedge funds,” hedge fund manager Daniel Loeb of Third Point LLC wrote in his first quarter investor letter. There’s a “lack of talent,” Steve Cohen of family-office Point72 Asset Management declared at the Milken Conference in May. And those fees that they charge are “unbelievable,” Warren Buffett said at Berkshire Hathaway’s shareholder meeting.
