The Wall Street Journal – March 30, 2016
Pension funds, insurers and university endowments helped pump up hedge funds to a record $3 trillion in assets over the last decade. But with results falling behind a more traditional mix of stocks and bonds for six straight years and the high-fee structure now politically sensitive in some states due to uneven results, many of them are pulling back.
When it’s brown around the edges,
It’s time to trim the hedges.
It’s time to trim the hedges.