Posts Tagged ‘profits’
Why you should avoid hedge funds
Posted on: August 15, 2012
Hedge fund managers take their cut
There is a new book about the hedge fund “industry” by former insider Simon Lack. Its title says it all – The Hedge Fund Mirage – The Lesson of Big Money and Why It’s Too Good To Be True.
Not everybody has time to read books like this, but if you are ever approached by a hedge fund peddler – I get calls every week about an amazing alternative investment opportunity – at least look at the table below before you part with your money.
Between 1998 and 2010, hedge fund fees totaled $440 billion versus $9 billion total profits for investors.
