hedge funds

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The laurels did not go to the flashiest players; they went to those pension funds who charged – and paid – the lowest fees. Photograph: Getty Images

Nearly half a century ago, Charles Ellis, a well-known US investment consultant, wrote an influential paper likening the money management business to (...)

Hedge funds will never be 100 per cent exposed to equities so some underperformance is inevitable in a long bull market. Photograph: Brendan McDermid/Reuters

Some big names in the financial world have been putting the boot into hedge funds in recent weeks. Warren Buffett scoffed at their “unbelievable” fee (...)

There is a common myth among investors that hedge funds are run better if they are left to specialised and often overpaid professional hedge fund mana(...)