Saturday, August 29, 2015

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

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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.

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About this blog

PhillyDeals posts drafts, transcripts and updates of Joseph N. DiStefano's columns and stories about Philly-area business, which he's been writing since 1989.

DiStefano studied economics, history and a little engineering at Penn and taught writing at St. Joseph's. He has written thousands of columns and articles for the Inquirer, Bloomberg and other media, wrote the book Comcasted, and raised six children with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com, distefano251@gmail.com, 215.854.5194 or 302.652.2004.

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

Joseph N. DiStefano
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