Some of the Biggest Challenges Hedge Fund Investors Face MassPRIM's Eric Nierenberg and other investors share what they find challenging about investing in hedge funds. At the top of his list: Complacency. Related Articles CFA Institute’s Global Investing Game Is On James Comtois Lazard Taps Christopher Hogbin for Top Role John Crabb 4 Tools for Highly Funded Defined Benefit Plans to Manage Risk Sponsored by Fidelity Investments