Hedge Funds Past Their Sexual Prime

Like an aging baby boomer reaching for Viagra for the first time, the hedge fund industry must confront the fact that its best days are behind it. So says UK pensions minister Frank Field. “The House of Commons pension fund is jumping on a bandwagon whose best times are past,” Field said of the scheme’s decision to invest £8m in hedge funds. He told IPE: “The more crowded the hedge fund market becomes, the more pedestrian their returns become.” If only a little blue pill could solve the industry’s problems.
Hedge Funds Past Peak [Invesments & Pensions Europe via Albourne]

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