(Yahoo Finance) There’s going to be a “washout in hedge funds.” There’s a “lack of talent.” And those fees that they charge are “unbelievable”! All of these statements are fair for the most part.That said, it’s really not fair to paint entire industry with the same brush. Not all hedge funds are bad.
Perhaps the real issue here is that there are just too many hedge funds, with most unable to deliver the performance they advertise.There are more than 10,000 hedge funds. By some estimates, there are as many as 15,000 hedge funds.Speaking at the Milken Global Institute Conference, Steve Cohen, who runs $11 billion family office Point72 Asset Management (formerly SAC Capital), said there are “too many players.”
