Relevant:
- Hugh Hendry defends hedge fund industry in public letter: ‘We are on your side’
- Hugh Hendry Fund Soars 40% YTD As China Sinks
- Investors punish U.S. hedge funds for poor returns
- Volatility Returned Briefly in April, Smacking Hedge Funds
- Hedge Funds Shut as Managers Struggle in Year of Two Percent Returns
2016-09-04 — businessinsider.com
``[Hendry said in] an interview released Friday that hedge funds aren't taking the same risks they used to, and that's hurting returns... Hedge funds' lackluster returns have long been a hot topic -- on average, they've lagged the S&P500 for eight years straight, as per HFR. Hendry is saying that's in part because they're not willing to put up with volatility. ''
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