On Sep 10, 2007, at 4:27 PM, Daniel Davies wrote:
much cheaper fees basically. it's a product for people who want exposure to the kind of risk-return profile that hedge funds give you, but who think that the actual hedge funds are overcharging for what they do and sucking all the outperformance out in fees.
Most people would be better off in an index fund. And by most people, I mean most professional money managers too. There aren't many Soroses, Buffets, or Swensens in this world. Doug
