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Re:The Hedgie in Winter by jgalt212 on Monday June 04, 2018 @06:01PM (#17233012)
> Nobody has ever marketed a fund or asset class with the tag line “we’ll likely tread water net, which is actually pretty impressive after we take out our massive fees.” But it’s not nearly the disaster that’s so often claimed.

So it's not theft or fraud, just merely a wealth transfer from the investors to the managers.

Re:The Hedgie in Winter by jmagaro88 on Monday June 04, 2018 @06:17PM (#17233134)
Hedge funds are not pro bono. People are still doing their jobs, and most funds are not run solely on a percentage of profit basis.
Re:The Hedgie in Winter by jgalt212 on Monday June 04, 2018 @06:59PM (#17233407)
true, but the implication is that if fees were lower then returns for investors would be better than treading water. i.e. an actual service is performed rather than a straight wealth transfer
Re:The Hedgie in Winter by a_t48 on Monday June 04, 2018 @09:15PM (#17234177)
The investors are welcome to do that work themselves.