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 One of Venture Capital’s Top Firms Just Raised Its Final Fund. Why Is That So Rare? Julie Segal Hedge Funds Have a Reputation for Ruthlessness. Dmitry Balyasny Took a Different Approach. Michelle Celarier Private Equity’s Biggest Leap of Faith Isn’t NAV Finance Sponsored by 17Capital