Seattle Times – In investing, the security atop many wish lists is a hedge fund, a private investment pool that is the domain of big institutions and people the financial-planning community describesas “high net-worth investors.”
For everyone aspiring to be a high net-worth investor, hedge funds are sometimes seen as a sign that you have “made it.”
But hedge funds may be another case where true life doesn’t always live up to the hype, and a new study out from a San Francisco wealth-management firm suggests that most hedge-fund investors aren’t actually getting a performance boost by going the exclusive route.
Hedge funds are unregulated investment vehicles. Like ordinary mutual funds, they can have an investment objective and style, but unlike most open-end funds, they can also take complex investment strategies designed to profit in all market conditions.
