A catastrophic time for hedgies

Hedge funds charge high fees because they employ the best people. That story is getting ever harder to believe, says Sarah Moore.

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"Hedge funds employ the cleverest people in the world to exploit the opportunities that other managers miss," says the Buttonwood columnist in The Economist. "That is why they deserve their high fees or so the story goes. That story is getting harder and harder to believe."

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Sarah is MoneyWeek's investment editor. She graduated from the University of Southampton with a BA in English and History, before going on to complete a graduate diploma in law at the College of Law in Guildford. She joined MoneyWeek in 2014 and writes on funds, personal finance, pensions and property.