, Columnist
Hedge Fund Beatings to Continue Until Morale Improves
Returns are terrible, fees are high. Investment managers want more.
In Europe, investors love a case of buyer’s remorse.
Photographer: Dan Kitwood/Getty Images EuropeThis article is for subscribers only.
It’s well known that hedge funds had a disastrous 2018, collectively delivering returns that lagged what investors could have achieved by putting their money into simple index trackers. But suppose you’d made even less than your peers and, adding insult to injury, had paid more in fees for that underperformance. You’d probably be scaling back your asset allocation to the hedge-fund sector, right?
Wrong.