FYI: Hedge fund managers were once said to be the masters of the universe. Private jets, pin-striped suits, and Patek Phillipes – they looked ten feet tall and bulletproof.
Pension funds and endowments would beg them to take their money. They were alpha machines, beating the market routinely, all while taking less risk. Hedge fund bosses would line the cover of business magazines. They would charge whatever fees they liked and made profit margins of 50%.
But then something happened.
Regards,
Ted
https://www.etfstream.com/feature/7756_etf-insight-hedge-funds-are-dying-but-hedge-fund-etfs-are-on-the-rise/
