The tone from Crestmont - which, according to its web blurb, says it “develops provocative insights on the financial markets and on the hedge fund industry” - is a tad tetchy.
“Never has an industry so extensively studied by “experts” produced such a surplus of myths,misunderstandings, and half-truths. Many of these myths could easily be clarified with a call or two to knowledgeable industry professionals. Too often, a seemingly logical statement that sounds-good-when-you-say-it-fast becomes accepted conventional wisdom despite the reams of evidence weighted against it.”
[ PDF ] Hedge Funds: Myths and Facts / » Crestmont Research
So here, according to Crestmont are the top myths about hedge funds:
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