Dollars and Jens
Wednesday, July 13, 2005
diminishing returns
The New York Times (free reg. req.) reports that the hedge funds' glory days are over:
According to the survey, more than 60 percent of hedge fund investors say the huge flow of money into hedge funds will result in lower returns; of those investors who have more than 10 years of experience investing in hedge funds, 70 percent say returns will decline.
Smarter than historically typical; cf. canals.

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