My latest post for Alpha Baskets looks at the recent troubles that hedge funds have been having.
From the post;
Now is not the end of hedge funds as we know them. The fees have been going down for a while, assets may have flowed out in 2016 but at some point hedge funds will have a run of doing relatively well and money will flow back in. In past blog posts we’ve chronicled pensions allocating to, and then away from hedge funds. It is at least in part the behavior of chasing returns and it is a good bet that the behavior will repeat.
Please click through to read the entire post.
Taken by my wife as we drove along side
Taken in Los Angeles at the beginning of December