Asset Management Is a Peculiar Industry Ripe for Disruption
David Teten VC
JANUARY 12, 2022
Hedge funds on average have underperformed on a net of fees basis in both US equities and bonds since 2000. “ One summer day, probably in the 1870s, friends of a major short-seller got together on the shores of Newport, Rhode Island, where they admired the enormous yachts of New York’s richest brokers. The HFRI Index returned 18.3%
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