So the Barclay Group, which monitors hedge funds states that hedge fund investments gained 1.01 percent in August while the stock market fell 1.5 percent. While the 1.5 percent drop is before fees, there is no information regarding the net return of the hedge funds. Considering the high fees involved, the real returns may be comparable.
While we’re on the topic of Hedge Funds, the New York Times has a nice story about the former C.E.O. of UBS’s investment bank who quietly stepped down to manage a huge new hedge fund.
Updated July 16, 2010 and originally published September 9, 2005. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.