Barry Ritholtz, Columnist

So Many Hedge Funds, So Little Alpha

There are a lot of funds, but not many managers who can beat the market.

October 10, 2016 at 5:20 PM UTC

Barry Ritholtz is a former Bloomberg Opinion columnist. He is chairman and chief investment officer of Ritholtz Wealth Management, and was previously chief market strategist at Maxim Group. He is the author of “Bailout Nation.”

Where would this car company be without hedge funds?
Photographer: Chesnot/Getty Images

Provide news feedback or report an error

Site feedback:

Take our Survey

This article is for subscribers only.

Science fiction author William Gibson once observed that “The future is already here, it’s just not evenly distributed.”

The same can said for alpha, or the ability of money managers to deliver market-beating returns.