Monthly Archives: May 2014

Why Are Hedge Funds So Popular Despite Recent Disappointing Returns?

A Wall Street Journal article entitled, "Hedge Funds Drive to Another Record," (WSJ, 04/22/14, page C-1) noted that despite their recent lackluster returns, hedge funds are a popular investment tool and have grown dramatically in assets under management (AUM). In 2013 for example, hedge fund returns averaged 9% after fees, while the S&P 500 was up 32%, 3.5 times the average hedge fund’s return. In Q-1 2014, the total average...
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