Recent years have not been as good for hedge funds as they have been in the past.
This past year has certainly not been as successful as the early 2000s. Some funds did well though not as they did several years ago, during their Golden Age. That’s when they were getting 20% and more return a year.
Many have been lucky to do as well as the S&P 500 Index, and without all the risk that hedge fund investors undertake.
But hope and professional ignorance can be eternal. (See the Earl J Weinreb NewsHole® comments.)
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