Performance is an issue, but price is the bigger problem


It is not at all clear that hedge fund managers see how much the end-investor world has changed

By Nick Evans

Attending the InvestHedge Forum this month was in some senses a tonic for anyone who has been a bit dispirited by the generally – although by no means universally – rather pedestrian hedge fund performance of late.

Seen from the perspective of investors, hedge funds are basically doing OK. That was the message from InvestHedge’s well-attended annual get-together, which drew a capacity crowd of 500 people from all sides of the hedge fund investor spectrum.

They could be doing better, for sure. But they could just as easily be doing worse – in what remains