I am a real sceptic in the ability of so-called active investment managers to outperform what I regard as the primary benchmark indexes namely the S&P 500 and more recently the Nasdaq 100 (since its inception in the mid 1980's). Both of these two indexes are now easily investable via an ETF. The below chart is just a simple illustration of two hedge fund feeder funds (HF) that are listed on the London Stock Exchange (LSE) and Euronext.

Th chart compares the performance of Pershing Square Holdings (since it commenced trading on Euronext in October 2014) to BH Macro, the S&P 500 and the Nasdaq 100.

Most of the entry into the hedge fund arena is open to only those from HNWI or UHNWI, family offices, private banks, fund of funds. Retail investors if they were to choose an investment are best to do their research (which is not an easy feat) into selecting a hedge fund feeder fund listed and has a degree of liquidity. But remember entry and exit of these investments are a real difficult decision.




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