Seattle Times – Hedge funds have made about $1.5 trillion for investors after management fees in the past 10 years, according to an industry lobby group seeking to counter criticism over performance and costs.
Those cumulative gains came “despite the performance losses of $306 billion in 2008, by far the industry’s worst year,” the Alternative Investment Management Association said in a paper aimed at encouraging pension-fund trustees to invest, citing data from Hedge Fund Research.
