Friday, March 25, 2005

Watch Out For Misleading Track Record and Declining Returns

Myths and Realities Report, Bernstein Wealth Management:
  • The average hedge fund broke even in 2001.
  • Over half the top quartile funds in 1999 dropped to the bottom quartile in 2000.
  • Profit potential is declining dramatically.
  • High fees and tax inefficiencies of fund of funds make them bad investments



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