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The Money Answers Show

The Money Answers Show

Monday at 12 Noon Pacific

February 6th 2012: The Hedge Fund Mirage: The Illusion of Big Money and Why It’s Too Good to Be True

Our guest today is Simon Lack, Founder of SL Advisors, LLC. We will discuss his latest book Mirage: The Illusion of Big Money and Why It’s Too Good to Be True. “The problem is that the hedge fund industry is overcapitalized,” Lack says. “Hedge funds have made tremendous amounts of money, but it hasn’t made its way back to the clients. In fact, if all of the money that’s ever been invested in hedge funds over the history of the industry had been invested in treasury bills instead, the results would have been twice as good.” Lack exposes the truth about hedge funds: as a result of high fees, com

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Simon A. Lack

Simon A. Lack is president of SL Advisors and author of Bonds Are Not Forever: The Crisis Facing Fixed income Investors.
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https://www.voiceamerica.com/show/746/the-money-answers-show The Money Answers Show https://www.voiceamerica.com/show/746/the-money-answers-show Our guest today is Simon Lack, Founder of SL Advisors, LLC. We will discuss his latest book Mirage: The Illusion of Big Money and Why It’s Too Good to Be True. “The problem is that the hedge fund industry is overcapitalized,” Lack says. “Hedge funds have made tremendous amounts of money, but it hasn’t made its way back to the clients. In fact, if all of the money that’s ever been invested in hedge funds over the history of the industry had been invested in treasury bills instead, the results would have been twice as good.” Lack exposes the truth about hedge funds: as a result of high fees, complex legal structures, poor disclosure, and return chasing, investors have ended up with meager results. Lacks advises hedge fund investors to invest the way they did in the 1990s: look for smaller funds that are not well followed and utilize obscure and off-the-beaten-track strategies. The vast majority of hedge funds did better when they were smaller, and so did the industry as a whole. VoiceAmerica | Talk Radio | Online Talk Radio studio@voiceamerica.com false DD/MM/YYYY Add to Calendar
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