"We know its not Paulson, Ackman, or SAC; is it Dalio's Bridgewater? No, the world's most profitable private entity that is in business to generate profits via speculation in financial markets is, drum roll please, the Federal Reserve. Stone & McCarthy (SMRA) estimates the Fed will make around $90bn profits in 2012." - more - and that chart !!! http://www.zerohedge.com/news/2012-...fund-about-make-us-treasurys-life-much-easier
"private"? By definition, if the entity returns the profit to the US Treasury, it is no longer private.
While technically not a hedge fund, has anyone beaten Buffett over the long term. Not the fantasy 1-5-10 terms, but going back to the 1960's? The cost of investing should be part of that calculation, and hedge funds charge alot as opposed to Berkshire stock. I am not a giant fan, but I see no reason for hedge funds as most, if not all take a crap before people get their money out unless they are very short term and fall within the guidelines for taking money out. Better to be a mildly successful hedge fund manager and reap the rewards than ever invest in a hedge fund. Most fail miserably and by the time you pick the one that made money for a year or two you have lost alot.