Yeah I know, it's like going into a bookstore (many years ago) and asking for the book "A Billionaires Investment Guide For Dummies"... If you need to ask you are probably lying!! I get it...Here is my question. Over the years I have been an value investor...Who also does covered calls. Boring stuff... I have read that about 1/3 of the US market is now in private hands. It seems that hedge funds are falling over themselves to place their bets on the next profit machine...While the regular investor finds fewer pickings for growth potential. In the last few years I will look at products or services that interest me...And so many times it is privately held. Or I will buy a stock and it will be taken private. I can not afford a hedge fund...I am not looking for one. But, if there was a windfall coming to me... Where and how do I look for (and find) a good hedge fund?? PS I know about the money and time frames they may ask...
You need a minimum of 25 mil before you should consider. Anything less and they fleece you. Based on experience. I have used about 10 of them. Big name etc. I tracked their trades to check on them. They trade client accounts and private shadow accounts in dark pools. So if something you are holding is good, it gets transferred to the private account and you get a mediocre sale. Likewise if something is crap, you get to hold and they sell you theirs too. They will ALWAYS massage the outcome to make it look better than the index or peers, but you will never get consistent home runs. Those consistent home runs are for their pockets. When I say "you", I mean the public account. IMHO, after 25 mil, just go for passive income and enjoy your life.
As a person with an Accounting degree who started off as a Fundamentalist and Value Investor, I believe therein lies your problem = being a Retail trader and Value Investor. I certainly know that knowing Fundamentals gives you an advantage when combined with Technicals, but trying to compete with big Funds on Fundamentals, you are at a massive information disadvantage. They have floors of Accountants, Economists, Industry Experts. With regard to your search for a Fund, I have in the past Googled and found lists of Funds performances.
Hedge funds, and all funds, are grossly overrated. I never understood the allure of them. Kind of like Ivy League colleges... you're paying for the perceived prestige. If you're a long long term investor just buy and hold the S&P forever until world war 5 comes. If you're scared of risk buy a fixed CD or treasury. Or just replicate hedge funds yourself by constantly buying put options for the...hedge. of the. fund. Everyone invests in the exact Same thing. Buying all the same big names. Finance is pretty basic 101. Really. AI can take over all of those professions. It's the trading, the day trading, the options day trading that requires precision understanding and process and intuition.
Over the years...These funds are my largest holdings. https://www.royceinvest.com/ Say when I sold a property or an inheritance came, I would look at these funds. I would follow their top 10 list. I would watch and see what they were adding to (each quarter)...I still do. I guess what I am trying to say is that it's much harder to find both growth and value in a stock compared to 20-30 years ago. Yeah, go ahead and age me... PS "AND YOU KIDS GET OFF OF MY LAWN"!!!
most are fund of funds, an allocator. as someone already posted, you need double digits million to start to directly talk to the hedge fund managers.
"to find any type of edge in life you have to reverse and extrapolate the past" and original ~markbrown quote