The year 2009 was not good for many hedge funds. This year has been better but not as successful as the early 2000s. Some did well enough in the markets, though not as they did several years ago, during their Golden Age.
Many hedge funds went out of business due to a loss of investor interest. Or so-so performance that failed to attract followers of the past.
The main peeve against them is their cost. In addition to their standard management fee which is usually set at 2% of assets managed, they still get about 20% of earnings they produce. That is far too much for funds doing conventional, non-rocket-science investing.
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