Barry Ritholtz, Columnist

Hedge Funds Had a Good Year, Just Not Good Enough

And yet an industry with high fees and ho-hum performance continues to thrive.

January 12, 2018 at 5:38 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.”

Keep it on the shelf for now.
Photographer: Bryan Bedder/Getty Images

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Attention hedge-fund investors: I have some good news for you. I also have some not so good news.

The good news is that 2017 saw hedge-fund managers generate the best annual returns in four years. According to a recent report from Hedge Fund Research, funds gained 8.5 percent in 2017. On an asset-weighted basis, the gains were 6.5 percent, still the best annual performance since 2013. Profits for the managers and general partners were also at four-year highs.