Prior to 2020, the hedge fund industry was under attack from all sides. Critics attacked the industry's high fees, poor performance, and lack of unique ideas. The combination of these factors had resulted in years of underperformance, as fund managers booked vast profits at investors' expense.
Q3 2021 hedge fund letters, conferences and more
That changed in 2020. The industry recorded record profits as traders took advantage of the market volatility and the Federal Reserve's easy-money policies to place leveraged bets on high-growth tech stocks. According to Hedge Fund Research, the average hedge fund returned 11.6%...
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