Only 3 hedge funds beat the market this year
Dec 31, 2021
51 Comments
S&P is up 29% and only 3 hedge funds outperformed it. Rich people paid 2&20 fees to have their money lost in fancy ways. Great lesson for investors.
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Rich people possibly can’t be that daft. They can just easily put money into SPY or other areas of the market that normal people have access to.
Furthermore, lowering volatility is neither the sole nor primary goal of hedge funds. If it was, they could just hold cash and have no risk of losing money.
[Yelp deleted his comment]
William Albert Ackman (born May 11, 1966) is an American investor and hedge fund manager” - https://en.wikipedia.org/wiki/Bill_Ackman
In fact, Berkshire Hathaway is one of the most famous examples of fundamental analysis investing, so it would be hard to argue it's a hedge fund since hedge funds try their best to stay away from directional risk.