Two and twenty is long dead. Hedge fund fees fall further below onetime industry standard


Justin Chin | Bloomberg | Getty Images

(Click here to subscribe to the new Delivering Alpha newsletter.)

A previously unknown hedge fund known as White Square gripped the headlines last week after the Financial Times reported it to be the first-known casualty among those who shorted GameStop

But betting against GameStop wasn’t the death knell for White Square. In fact, its performance had recently rebounded. 

As White Square tells it in the letter announcing the firm’s closure: “We experienced first-hand, the shift in trend away from hedge fund investing to cheaper alternatives.” The firm noted that two investors redeemed and rediverted that capital into cheaper passive funds or private…


0 0 votes
Article Rating

Electric Last Mile is the latest speculative EV company to go public

Previous article

Inflation looks bad now, but it’s pretty much sticking to the script

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Finance