When it comes to picking a hedge fund, bigger isn’t always better

For many years the question of whether the size of a hedge fund affects its returns has been hotly debated. Although there is ample evidence that a few legendary funds are able to manage billions of dollars and consistently deliver outsized returns to investors over the long term (especially on a risk-adjusted basis), there is mounting…

Q2 2016 - Hedge Fund Letters hedge funds
Q2 2016 – Hedge Fund Letters Photo by cafecredit