No one will argue that it's been a tough year for hedge funds, with fund closures and even some legends in the industry underperforming the U.S equity stock market that continues to make records daily.
Should portfolio managers be partying like it’s 1999 or as though it is 2000 – which kicked off a decade of blockbuster returns and inflows?
Stanley Drunkenmiller this past week commented in an interview with Bloomberg that he didn’t take on enough risk this year and was only now reaching double-digit returns within his family office . . .
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