Mar

Hedge Funds Finally Got Some Volatility. It Didn’t Help.

Turmoil was supposed to justify their fees. Guess again.

For years, the refrain of hedge funders, and their backers, has been that all they needed was a little bit of volatility. Everyone’s a genius in a bull market. It’s when markets turn down or tumultuous that pension funds and other clients are supposed to realize the wisdom of those high fees…

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Hedge Funds Finally Got Some Volatility. It Didn’t Help.

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