Hedge Funds vs. Indexes

I was on CNBC's Squawk Box this morning to talk about the latest hedge fund vs. index performance numbers, which are discouraging (10.1% through Nov. 30 vs. 14.2% for the S&P 500).

This is yet more evidence that the $1.3 trillion hedge fund industry is increasingly resembling actively managed mutual funds, but with much higher fees.



© 2006 Gary Weiss. All rights reserved.

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Wall Street Versus America was published by Penguin USA on April 6.
Click here for its Amazon.com listing and here for more information on the book, from my web site.