Books like The hedge fund mirage by Simon Lack


The book examines the historical underperformance of hedge fund investors compared to risk‑free benchmarks, highlighting high fees, complex structures, and opaque disclosures. Drawing on insider knowledge of the 1990s boom and the rise of the seeding business, it explains why early investors delivered better results when fewer capitalists were involved. It also discusses contemporary issues such as fraud prevalence, the bias toward large established funds, and how emerging managers may still offer higher returns. Practical guidance is offered for investors and allocators to correct the imbalance that favors hedge fund managers over their client base.
First publish date: 2012
Genre: Business & Economics/Finance
Authors: Simon Lack
★ ★ ★ ★ ★ 4.0 (1 community ratings)

The hedge fund mirage by Simon Lack

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