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Money for nothing

It’s the £10,000-a-seat ARK charidee hedge fund bash this evening and to mark the event we have an interesting graphic from the Short View’s James Mackintosh.

It shows hedge fund performance — where HFRI is the monthly, illiquid index, and HFRX the daily liquid index, which excludes many of the best-performing older funds that don’t offer liquidity — versus a simple portfolio of 60 per cent equities, 40 per cent bonds, rebalanced once a year.

And it’s um a pretty good match!

2 and 20 anyone?

Related link:
Beware of hedge funds’ seductive glitz – Short View

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