Are hedge funds doing enough to attract wealth managers?

HEDGE FUNDS

Many of you may remember a few years ago we were all agog with the idea hedge funds were about to storm the citadels of conventional long-only asset management and start a palace coup.

Well it did not happen and for years those funds brave enough to keep up their listed status on the stock market seemed more than a little bedraggled and lonely. Maybe our day will come, they must have thought, and hopefully that wretched discount will narrow! Obviously, the subsequent underwhelming performance of most hedge funds since 2009 has not helped sentiment. A focus on absolute returns is laudable but it would be nice if those returns were actually positive Maybe this time it is different. Even this hardened contrarian accepts the current markets represent a perfect opportu...