There's a theory that hedge funds got great returns in the 1990s from legal non-public information which was banned by Reg FD in 2000. Many investors may not re

There's a theory that hedge funds got great returns in the 1990s from legal non-public information which was banned by Reg FD in 2000. Many investors may not realize this and are still putting money into hedge funds even though their returns have been mostly poor since 2000.