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Strategies & Market Trends : The coming US dollar crisis

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To: Real Man who wrote (53940)11/23/2013 3:21:59 PM
From: ggersh  Read Replies (1) of 71456
 
Finally...



Average Hedge Fund Returns A Tiny 6% Through October: Underperforms S&P And Mutual Funds By 75%Submitted by Tyler Durden on 11/23/2013 - 13:47

Through October 31, the average hedge fund has returned a paltry 6%, 75% below the return of the S&P 500 and the average mutual fund. And while the traditional retort: "hedge funds aren't supposed to outperform the market but to hedge downside risk" is always at the ready, the retort to that retort is that as long as Mr. Yellen is Chief Risk Officer for the S&P, and the Federal Reserve is engaged in QE and otherwise generating a "wealth effect", which according to many will be in perpetuity or until the Fed finally and mercifully is abolished, the purpose behind the existence of hedge funds is simply no longer there as the Fed will never again voluntarily allow the kind of market drop that would make the existence of hedge funds meaningful.
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