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by the_drunkard
1939 days ago
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> So is your argument that we just haven’t been through a cycle or else the hedge funds would have come out ahead? If they didn’t come out ahead after all of the turmoil, they are (on average) worse than an index fund. No. The proposition of most platform hedge funds is not to beat the market. It's to generate returns in any type of environment on a risk neutral basis. So if you invest in a hedge fund, do not expect market returns. Expect range-bound returns in any type of market environment. Hedge funds are risk management vehicles for institutional money. |
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