Friday, April 13, 2012

Gucci, Rolex…and Hedge Funds

Hedge funds haven't underperform some benchmarks, writes Larry Swedroe for MoneyWatch. Over the past nine years hedge funds have underperformed virtually all of them.
Given the evidence, the only logical explanations I can think of for the continued popularity of hedge funds are that either investors are unaware of the data, or that individuals invest in hedge funds for the same reasons they buy a Rolex or carry a Gucci bag with an oversized logo -- they're expressions of status, prestige, exclusivity, and sophistication. Letting such emotions determine investment decisions is a recipe for transferring assets from your wallet to those of the purveyors of products.
For investment managers seeking new one-percenter clients, are hedge funds losing their usefulness as catnip? 

1 comment:

トリー バーチ(tory burch) said...

トリーバーチ フラットの最新作が遂に登場、今回も大人の女性らしさをさらに倍増するシューズに仕上げられ、個性がたっぷりあります。やはり注目すべきところはアッパーに付いた存在感抜群のロゴマークだろう、ブランド品ならではの高級感を発散している。トリーバーチは違う服装に合わせて、違う魅力を演出できます、オシャレ好きな女性にとって必携の一足!