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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: yard_man who wrote (84362)	7/31/2007 3:17:13 PM
From: CalculatedRisk	Read Replies (3) of 110194

The average hedge fund underperformed the S&P last year. You'd think the name "hedge fund" would have lost all special appeal by now. msnbc.msn.com "... scrutiny of past performance has also revealed that the average hedge fund's returns weren't all that spectacular to begin with. A handful of funds have posted extraordinary results, and awestruck coverage in the financial press has served as an advertisement for the industry as a whole. But the average fund's results have been distinctly ordinary."

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