Everyone outside the hedge fund industry likes to take potshots at hedge
They are not required to register any of their
investment activity with the SEC, making them completely unregulated,
Their fees are egregiously ridiculous (typical fee
on +10% return = 4% of assets), and
They offer virtually no transparency into what they
own, even to their investors.
are true, we would add that hedge funds are also essentially mutual funds at
heart, meaning that:
They donít care about you, because they have never
They donít know your objectives,
They couldnít care less about your tax consequences.
Just thought youíd like to know how we feel about hedge