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.
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.
Labels: hedge funds