(Bloomberg) A couple of weeks ago, Barron’s interviewed mutual fund legend Jack Bogle, the inventor of the index fund and founder of Vanguard Group. One intriguing exchange caught my eye: Barrons: “Favorite hedge fund?” Bogle: “Reluctantly … anything run by Cliff Asness” As some regular readers may have noticed, I engage in this little balancing act: I am critical of the hedge fund industry while also admiring many of its leading managers.
Hedge Funds Bear the Blame for Looking Bad
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