The Golden Age of Hedge Funds

Hedge funds are known to be charging, you know, more than more than the expensive side. What happens in that when you look at hedge funds broadly is they kind of go down frustratingly much on average when the market goes down. In 2008, instead of preserving capital, they went down half as much as the equity markets,. which you're really not supposed to do when one of the two words in your brand is hedge. The challenge with institutionalization is that by and large fees didn't come down as much as they should have.

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