> but hedge funds are measured absolutely (profit is good, loss is bad) and get paid peanuts if they don't make a profit. I wouldn't call a guaranteed 2% shave

> but hedge funds are measured absolutely (profit is good, loss is bad) and get paid peanuts if they don't make a profit. I wouldn't call a guaranteed 2% shave every year 'peanuts'. That's more than any index fund would ever imagine charging.