With Matt Levine, Columnist – Bloomberg View, Formerly M&A Lawyer at Goldman Sachs
What might be a better long-term bet, over the next 10 years – just a plain old S&P Index Fund that charges about 0.1% in fees OR a Fund of Hedge Funds run by sophisticated investors, with expensive fees and a 20% take on profits above the benchmark? Is the comparison fair in a market that’s been pretty much been on the up and up since 2008? And which one’s going to protect your assets better should markets crash? Also, is this an apples to apples comparison, especially when hedge funds use leverage and a wider variety of investment options?