Barry Ritholtz, Columnist

Hedge Funds Bear the Blame for Looking Bad

They compared themselves to the S&P 500, then complained when they underperformed.

June 1, 2018 at 6:12 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.”

Game on.
Photographer: Jonathan Fickies/Bloomberg

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A couple of weeks ago, Barron’s interviewed mutual fund legend Jack Bogle, the inventor of the index fund and founder of Vanguard Group. One intriguing exchange caught my eye:

Barrons: “Favorite hedge fund?”