September, 2014 – InvestorLiterature.com Review
Written by Bruce Grantier. Posted in InvestorLit Updates
This is a Review of Simon Lack's presentation to the CFA Institute Annual Conference, May 4-7 in Seattle, Washington on hedge funds. I attended this presentation and it was an excellent review of research on this important alternative asset class – currently estimated at some $2.7T. The research is based on Simon Lack's recent book: "The Hedge Fund Mirage, The Illusion of Big Money and Why It's Too Good to Be True". The presentation concludes "If all the money that has been put in hedge funds had been put in treasury bills instead, the results would have been twice as good."