Detail Rich Managers, Poor Clients; Investing   Oleh:  [s.n] Jenis: Article from Bulletin/Magazine Dalam koleksi: The Economist (http://search.proquest.com/) vol. 405 no. 8816 (Dec. 2012), page 16. Topik: Investors; Hedge-fund Manager; Stockmarket; Inflation Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.75 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel Investors have paid too much for hedge-fund expertise. Better to focus on low costs than star fund managers The masters of the universe have been humbled. Over the past ten years, hedge-fund managers have underperformed not just the stockmarket, but inflation as well. After fees, investors in the average hedge fund have received a return of just 17% . Where should investors now look for zippier returns? The mediocrity of the hedgies' recent performance is in part the result of the industry's massive growth. Whereas in the past it was plausible that hotshots like George Soros could spot market anomalies, several thousand managers in an industry with $2 trillion of assets under management are very unlikely all to be able to earn spectacular returns. There will always be a few managers who do well, of course, but there is no reliable way of identifying them in advance, and past performance is a poor guide to future returns. John Paulson, the manager who made a fortune out of the subprime-mortgage crisis, has performed dismally since the start of 2011. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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