Barry Ritholtz, Columnist

Hedge Funds Are the Ultimate Survivors

Despite market-lagging performance and high fees, they manage more money than ever.

June 21, 2017 at 3:55 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.”

Rising sales can't be too far behind.
Photographer: Romain Maurice/Getty Images

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You may have read a bit of negative news1498058770491 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.