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More Money Than God

Discussion in 'Managed Funds & Index Funds' started by Tropo, 19th Nov, 2013.

  1. Tropo

    Tropo Well-Known Member

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    Quote:
    Hedge Funds Are The Mother Teresa Of The Finance World

    I came across this wonderfully sycophantic piece the other day and would have posted it earlier but I was looking for some figures from Simon Lacks ? The Hedge Fund Mirage
    The figures I was looking for are
    From 1998 ? 2010 the hedge fund industry took $379 billion in fees whereas investors only earned $70 billion.
    Managers pocketed 84% of all investment profits.
    Suddenly they dont seem so benign.
    Ch.T
     
    Last edited by a moderator: 17th Sep, 2016
  2. Jimmy007

    Jimmy007 Member

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    more money than God...

    didn't the Lennon say something similar about the 'beetles being bigger than Jesus'... (before being shot).

    im not religious, but I tend to be rather reserved in my comparisons with deities :D

    James
     
    Last edited by a moderator: 27th Sep, 2016
  3. jodie123

    jodie123 Active Member

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    LOL yes I also try to steer clear of those comparisons, just in case ;)
     
  4. Mark I

    Mark I Member

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    ...another good example to question the validity of a GFC
    Crisis?
    No... just the Fund managers not getting as big a slice of the cake as previously.