Hedge Funds’ New Normal: Lower Returns, and Possibly Fees
With the high-performing managers of the 1990s--Soros, Steinhardt, Robertson--giving way to the conservative, single-digit producers of today, hedge fund investors must decide how much they’re willing to pay for these returns.
As the hedge fund industry wraps up another year of so-so performance, investors are starting to realize that the outsize returns that made the industry famous are largely a thing of the past.
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