Key here is long term. If you are investing for long term and choose hedge fund then you are a sucker. Smart investors choose hedge fund only for short term inv

Key here is long term. If you are investing for long term and choose hedge fund then you are a sucker. Smart investors choose hedge fund only for short term investments and only because they know the fund is trying to exploit some information asymmetry. Such funds are usually ultra secretive and you would get to invest in it only because you knew someone running it.