Deep Dive into Hedge Funds (Capital Allocators, EP.34)
Capital Allocators – Inside the Institutional Investment Industry
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The Psychology of Hedge Fund Allocation
Hedge funds structurally have done two things over time only one of which we've seen in almost the last decade that you don't get access to in the long only world. Well managed hedge fund even a long short equity hedge fund has generated equity like returns over time is by underperforming in the up markets and protecting capital in the down markets but with a positive skew they wouldn't be able to do that. So i'm not sure this is the right time for people to say given the pricing of equity in credit markets to say hey this is what we should abandon Hedge Funds. People have to think carefully about the price they're paying for that service now.
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Transcript
