Hedge funds are ‘dead as a doornail,’ says chairman of ultra-rich investors' club Tiger 21
Publishing timestamp: 2024-05-01 11:50:07
Summary
Tiger 21 members have reduced their allocation to hedge funds from 12% to 2% over the past 16 years, with private equity now being the largest part of their portfolio. The founder of Tiger 21 believes hedge funds are "dead" as an investment class for the super rich, and members have found better returns with index funds and private equity. Public equity, real estate, and cash also make up significant portions of their portfolios. Hedge funds have been in decline for over a decade due to low interest rates and high fees.
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Keywords: wealth, spdr s&p 500 etf trust, exchange-traded funds, nasdaq 100 fut (mar'23), business news,