Looking back on pathetic performance for hedge funds
AR also revisits political gifts from the MFA.
One year ago
»» Simon Lack, the founder and former chief executive of JPMorgan’s hedge fund seeding platform, J.P. Morgan Incubator Strategies, blasted the subpar performance of many hedge funds in an unhedged commentary for AR.
“Overall, the research suggests that all the money that’s ever been invested in hedge funds should have instead been put in Treasury bills,” Lack wrote.