Hedge fund Alpha found

Perhaps hedge fund managers really do earn their keep. Since 1996 hedge funds have outperformed the asset classes they invest in by 5.2% annually, according to a Barclay’s Capital study. That’s great news for the industry. But it needs to be taken with handfuls of salt. Hedge fund managers are particularly anxious to show that they outperform because they charge so much. It has become an increasingly tough sell. The Credit Suisse-Tremont Hedge Fund Index, which is calculated after fees, has per...