Forbes.com this week contains a rather familiar-sounding story called “Build your own hedge fund“. We were stuck by a sense of deja vu upon reading the title of this story. Was the date wrong on the story? Didn’t we read this piece last year…and the year before…and the year before that?
It turns out that the DIY hedge fund shtick has been bouncing around for several years. Building your own hedge fund seems to resonate with the general public. After all, there’s nothing like thumbing your nose at the rich hedge fund managers and keeping all those fees for yourself.
Here are a few of the predecessors to this Forbes article (note the family resemblance):
Build Your Own Hedge Fund with Sector ETFs, Seeking Alpha, May 16th, 2005
How to Build Your Own Hedge Fund, Business Week, December 26, 2005
Build Your Own Hedge Fund, MSN MoneyCentral, January 24, 2006
The DIY Hedge Fund, Registered Rep, February 1, 2007