Complete 2013 Year To Date Hedge Fund Performance Submitted by Tyler Durden
Bloomberg took hedge funds to task with a rather graphic cover, suggesting the hedge fund community doesnt actually provide value. We disagree: hedge funds certainly can provide value especially those who are too big to fail, syphon inside information, and whose army of lawyers makes them untouchable to government prosecution if only to their LPs and other investors, however not in an environment where none other than the central banks task is to manage risk. Which explains why for the fifth year in a row, or roughly since when Bernanke became the worlds biggest and most important portfolio manager, hedge funds have underperformed the S&P.
via Complete 2013 Year To Date Hedge Fund Performance | Zero Hedge.