Simon Lack, author of “The Hedge Fund Mirage,” feels vindicated that many hedge fund managers have embraced some of his original comments critical of the hedge fund industry. In an interview with the Brandes Institute, the former CEO and founder of JPMorgan Incubator Funds, which provided investment funding to a variety of smaller hedge funds, says its almost cognitive dissonance for investors to ignore the impact of hedge fund size on returns. “Everything about past returns… overwhelmingly support (the thesis) that too much money hurts returns.” Simon Lack: Historic returns of old school hedge fund investments Simon Lack says that…
Simon Lack Says Hedge Fund Mirage Validated
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.