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Barry Ritholtz

Hedge Funds Are the Ultimate Survivors

Despite market-lagging performance and high fees, they manage more money than ever.
Rising sales can't be too far behind.

Rising sales can't be too far behind.

Photographer: Romain Maurice/Getty Images

You may have read a bit of negative news  recently about hedge funds: high fees,  subpar performance and concerns about legal issues. That might be the sort of unholy trinity that would put off some potential investors. Combine that with the rise of index investing, and you have a recipe for inevitable industry decline, right?

Not so fast.