Oil Fund loses 7 years of gains

Andy Hall's fund gave this year back gains from the last 7 years:

 

Here is his castle in Derneburg, Germnay:

http://www.businessinsider.com/somt...fortune-is-all-a-man-gets-in-this-life-2009-7

 

Yeah but I bet he made profits all 7 years, even though his customers did not.

 

That is why everyone wants to be a hedge fund manager. In the end, You can lose all your client's money and they cant take back the 2 and 20 that you collect every year before the blowup.

 

Indeed. The whole hedge fund industry needs an overhaul. There should be a very very small management fee (less than 1%) and performance fees need to be paid on 5 or 10 year performances, this would favor longevity and put trust back into that industry.

 

This is why I trade/manage my own capital. No one is going to care more about your money than yourself.

Handing it to these hedge fund managers means you pay them to take the money and gamble it away. The do not care or have any incentive to make sure your capital is protected.

 

one should start by asking what are the motivations of people who invest with hedge fund managers? why hasn't competition whittled down to your suggested fee structure?

 

true but it doesn't mean that you have the necessary expertise, skill and time to manage your own money.

 

Someone just DCAing SPY will outperform these Hedge funds.

 

agreed.
"one should start by asking what are the motivations of people who invest with hedge fund managers?"