Tuesday, November 29, 2005

Hedge You Win - Tails I Loose

The Sunday NY Times had one of a number of recent articles on hedge funds featuring David Swenson, the Chief investment Officer of Yale's Endowment Fund. The central point of the article was that (unless you are an institutional investor) if you can get into a hedge fund or fund of funds...then it is probably a dog!

The sample case was Duetsche Bank's Hedged Strategies Fund available to investors since 2002 with a minimum investment of $50K. It is a "fund of hedge funds," which consists of a portfolio of investments in underlying hedge funds. Expenses included the underlying hedge funds fees of 1% plus 20% of profits plus an additional 1.95% annual management fee and a 0.25 percent administrative fee. An additional sales load of 3.5% was apparently available to certain brokers who were able to catch any fish with this lure. So about 3.20% before profits and load!

Performance, as you might have expected, ranged from pitiful to relatively poor depending on the actual fees paid. Deutcshe bank plans to close the fund in 2007 due to "relative performance and dwindling interest in the fund."

3 Comments:

Blogger arnoldmarks9477 said...

I read over your blog, and i found it inquisitive, you may find My Blog interesting. My blog is just about my day to day life, as a park ranger. So please Click Here To Read My Blog

Fri Dec 30, 07:17:00 PM 2005  
Blogger chrismartin2354 said...

I read over your blog, and i found it inquisitive, you may find My Blog interesting. So please Click Here To Read My Blog

http://pennystockinvestment.blogspot.com

Fri Jan 20, 09:10:00 PM 2006  
Blogger louiskline86579663 said...

Get any Desired College Degree, In less then 2 weeks.

Call this number now 24 hours a day 7 days a week (413) 208-3069

Get these Degrees NOW!!!

"BA", "BSc", "MA", "MSc", "MBA", "PHD",

Get everything within 2 weeks.
100% verifiable, this is a real deal

Act now you owe it to your future.

(413) 208-3069 call now 24 hours a day, 7 days a week.

Fri May 05, 04:12:00 PM 2006  

Post a Comment

Links to this post:

Create a Link

<< Home