Saturday, July 26, 2014
Inquirer Daily News

Hedge fund masters fail to perform: A graphic view

Bloomberg BusinessWeek compares hedge fund returns to male sexual impotence

Hedge fund masters fail to perform: A graphic view

You have to hand it to Bloomberg BusinessWeek: The magazine isn't afraid to expose the shortcomings of its parent company's high-end high-paying customers. See, for example, the cover of its new issue pointing out that hedge funds, on the whole, have enriched their operators -- not their paying clients.

The cover graphic uses male-sex-organ imagery to compare high-fee hedge managers' supposedly virile and potent profit performance with their flaccid dysfunctional reality. Here's the story: Why Hedge Funds' Glory Days May Be Gone For Good

Will more state pension funds like Pennsylvania's drop their expensive hedge fund managers if returns don't improve? The industry has a marketing plan that could take up the slack: it's about to start advertising to a wider public.

Joseph N. DiStefano
About this blog

PhillyDeals posts raw drafts and updates of Joseph N. DiStefano's columns and stories about Philly-area finance, investment, commercial real estate, tech, hiring and public spending, which he's been writing since 1989, mostly for the Philadelphia Inquirer.

DiStefano studied economics, history and a little engineering at Penn, taught writing at St. Joe's, and has written the book Comcasted, more than a thousand columns, and thousands of articles, and raised six children with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

Joseph N. DiStefano
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