{"id":52559,"date":"2016-05-10T08:44:04","date_gmt":"2016-05-10T12:44:04","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=52559"},"modified":"2016-05-10T08:44:04","modified_gmt":"2016-05-10T12:44:04","slug":"chasing-fund-returns-is-a-very-very-bad-idea","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2016\/chasing-fund-returns-is-a-very-very-bad-idea.html","title":{"rendered":"Chasing Fund Returns is a Very, Very Bad Idea"},"content":{"rendered":"<p>(Harvest) How does a fund earn over $500 million in management fees yet lose over $1 billion for investors since inception? No, sorry.  It\u2019s not a hedge fund.  It\u2019s a mutual fund: the Marketfield Fund, arguably the poster child for returns chasing in the liquid alts space.<\/p>\n<p>Here\u2019s the background. The Marketfield Fund was launched in July 2007 and outperformed the S&#038;P 500 by a cumulative 34.5% during the crisis. As one of a handful of long\/short mutual funds, it stood to benefit from the rise of liquid alts in the years following the crisis.<\/p>\n<p>From mid-2008 through the end of 2013, the Fund put up very good numbers and outperformed the equity long\/short hedge fund index by a healthy margin.  <\/p>\n<p><a href=\"https:\/\/www.hvst.com\/public-pages\/beachhead-dynamic-beta\/posts\/61912-chasing-fund-returns-is-a-very-very-bad-idea\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Harvest) How does a fund earn over $500 million in management fees yet lose over $1 billion for investors since inception? No, sorry. It\u2019s not a hedge fund. It\u2019s a mutual fund: the Marketfield Fund, arguably the poster child for [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-52559","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/52559","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=52559"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/52559\/revisions"}],"predecessor-version":[{"id":52560,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/52559\/revisions\/52560"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=52559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=52559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=52559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}