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A comment on How much do hedge fund traders earn?. Parent comment
http://www.cnbc.com/2016/07/26/hedge-funds-suffer-207-billio...
http://thebamalliance.com/blog/hedge-funds-miss-the-mark/
The trick is that some hedge funds do produce outsize returns, and every rich customer wants to think he's going to pick the winner.
All in all, charging a percentage of AUM is a pretty neat scam they've got going for themselves.
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http://www.cnbc.com/2016/07/26/hedge-funds-suffer-207-billio...
http://thebamalliance.com/blog/hedge-funds-miss-the-mark/
The trick is that some hedge funds do produce outsize returns, and every rich customer wants to think he's going to pick the winner.
All in all, charging a percentage of AUM is a pretty neat scam they've got going for themselves.