When the facts change I change my mind, what do you do sir
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Why Investors Love Hedge Funds
Larry Swedroe, research director for BAM Advisor Services LLC, noted earlier this month that total hedge fund assets under management, or AUM, reached $2.63 trillion. This represents a sizable increase, despite fund performance generously described as lackluster. The increase in assets under management led to some interesting discussions. Lots of readers had e-mailed me with comments on both alpha -- market-beating returns -- and fee generation after last week’s column, ``The Hedge-Fund Manager Dilemma.'' There is much more nuance to the discussion of hedge funds than is widely understood. Today is a good time to ... (full story)