The big boys are getting all the money, but do they deserve it?
Spring Mountain Capital, a $2 billion investment management firm that invests in hedge funds, among other services, published a white paper saying they don’t.
“The Relation Between Hedge Fund Size and Risk,” co-authored by Haim Mozes, a consultant with SMC and accounting professor at Fordham University, discusses the declining benefits of hedge fund size, including lower returns and the move to a private-equity or investment banking- like investment model.
