
Beyond hedge funds – portfolio
tips for amateurs
An alternative to the alternatives
As my encounter with Mrs Straw and the subsequent calculations
convinced me, fees in hedge funds and their associated affiliates like
funds of funds are too high to be sustainable in the long run. Too
many already well-fed mouths have been fed by the accumulated fees,
to the point where Mrs Straw will eventually be left wondering where
all the money from the supposedly good investments went. Adding to
the high fees the fact that many funds are exposed to the same market
fluctuations as the investors could get far more cheaply elsewhere, the
investors