Book review: The Hedge Fund Mirage

You would think that a person who made a living allocating to hedge funds for more than a decade would take a kinder view of this sector. But Simon Lack, a money manager, earlier this year released a book with devastating conclusions about hedge funds.

Lack's book, The Hedge Fund Mirage , says that for the 13 years up to 2010, investors lost US$308 million through their hedge fund investments, when returns are calculated as gains in excess of Treasury bond yields.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1105459/book-review-hedge-fund-mirage