I came across this wonderfully sycophantic piece the other day and would have posted it earlier but I was looking for some figures from Simon Lacks – The Hedge Fund Mirage
The figures I was looking for are
From 1998 – 2010 the hedge fund industry took $379 billion in fees whereas investors only earned $70 billion.
Managers pocketed 84% of all investment profits.
Suddenly they dont seem so benign.
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