Paraphrasing the lede here[1]: Hedge funds produce little to no alpha and investors have known that for quite a while. 1 - http://www.nakedcapitalism.com/2016/

Paraphrasing the lede here[1]: Hedge funds produce little to no alpha and investors have known that for quite a while. 1 - http://www.nakedcapitalism.com/2016/02/the-financial-times-revisionist-history-on-hedge-funds-failure-to-deliver-manager-outperformance-or-alpha.html http://www.nakedcapitalism.com/2016/02/the-financial-times-r...