Feeling glum about your returns? Even if your dividend stocks are doing well, do you feel as if you could be doing even better?
Well, don’t beat yourself up. The supposed masters of the investing universe – hedge fund managers – are probably wishing they could do as well as you are.
Hedge Fund Price Cut
Take the case of Brevan Howard Asset Management, one of the world’s largest hedge fund managers. Based in London, the firm earned 20% in 2008 at the start of the financial crisis. Since then, things have gone downhill.
According to The Wall Street Journal, the hedge fund giant will probably mark its third straight year of losses. It’s already lost 2.5% through August, a source told the newspaper. The performance has prompted investors to pull their money, so in an attempt to woo them back, the firm has told new clients that it would charge them nothing to manage any new money they invested in the firm’s $14.5 billion main hedge fund.