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The legendary activist investor’s private hedge fund continued to lag the broad market in the first quarter.

Cynthia Steer, an advisor to Institutional Investor, considers the losses to the industry of long tenured execs and the potential gains from the next generation.

Researchers have found that performance is far higher than people think once the data includes the largest institutional hedge funds. “Every single piece of research needs to be revisited.”

In April, most of the Tiger Cubs and Grandcubs did what investors expect from hedge funds.

Diverse managers now make up 8 percent of private equity funds, a pool that is plenty big enough for most allocators, according to a new report.

But, revolutionary changes take longer, and we need to be patient, argues BCA Research’s Irene Tunkel.

The fund founded by Dan Gibson posted a 3.8 percent gain in April, when the markets suffered the worst losses since September.

Despite their success, this law professor argues short sellers are “double dipping.”