Hedge Fund Mid-term Report Card
| Sep 28th, 2009 | Filed under: Hedge Fund Industry Trends, Today's Post | By: Alpha Male |
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While we’re all accustomed to numerical (70%, 80%, 90%) and letter grades (A, B, C), there was a time in our distant youth when our academic prowess was judged simply to be “unsatisfactory” or “satisfactory”. It’s hard to get that jazzed about a “satisfactory” grade (Whoo-hoo! Jimmy got straight “satisfactories” on his report card! ). But hey, it’s better than the alternative.
And that’s just how the hedge fund industry was recently graded by investors according to this report published last week by France-based Olympia Capital Management. The firm writes that “…hedge funds have delivered the performance in line with investors’ expectations.”
After last year’s performance “in-line with expectations” is a major victory. (Of course, comparing the performance of hedge funds and the markets last year was like comparing the performance of a solid student with their rowdy and delinquent peers. The student was led astray by these bad kids.)
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