HOW I SEE IT PLAYING OUT

This is a free preview of a paid episode. To hear more, visit www.russell-clark.comMost hedge fund strategies are b******t. I see reports of how it was a banner year for hedge funds - but most of them made less that the S&P 500. No denying that hedge fund managers are incentivised to pretend that is a good result - and at the end of the day, everyone has to eat. But if you are really just going to be a long investor in disguise, why not just go the way of Warren Buffett or Bill Ackman and set up a permanent capital vehicle, or go into private equity. Maybe overly harsh - but generally true.