By John Rubino – Re-Blogged From Dollar Collapse
Hedge fund managers sit at the top of the financial world’s food chain. They’re generally seen as the smartest money managers, and their companies have the most flexibility to pursue new opportunities. The result is supposed to be the best possible returns – for clients who can afford the high fees.
But lately things haven’t worked out that way. Hedge fund managers appear baffled by the behavior of stocks, bonds and pretty much everything else, as time-tested strategies fail and brand-name managers report terrible results, in a growing number of cases throwing in the towel, returning their investors’ money and riding off into the sunset.