Many unhappy returns -- August is on track to be one of the worst months ever for hedge funds
WITH bold promises of strong returns in good times and bad, hedge funds have seduced many an investor.
But as often happens when a courtship develops into something more serious, blind love has been followed by a bitter let-down. Hedge funds first disappointed investors en masse in 2008, when the average fund fell by 19%. Since then they have struggled to beat the market (see chart).
This year performance has continued to be lackluster. The hedge-fund industry needs to produce outsize returns for the rest of 2011 if it is to restore its reputation.
Read more Many unhappy returns ...
By Bob DeMarco
All American Investor
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http://on.wsj.com/nJFwps
For Some Banks, Prices Are Below 2008
http://nyti.ms/o3MT3k
Summary for Week ending August 19th
http://bit.ly/nIvgGN
What's French for "Totally Screwed"?
http://slate.me/pvjOYn
NEW MICROSCOPE COULD UNLOCK D.N.A.'S SECRETS
http://bit.ly/q6CzbJ
Google Taking Street View To The Depths Of The Amazon
http://tcrn.ch/r7bYxX
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