- Hedge fund investors raced to the exits in December. Disappointed by poor relative performance
What might look to some like a sequel to "The Wolf of Wall Street" this week is actually the start of bonus season for investment bankers. For those folks looking for another reason to be critical of capitalism, avert your eyes, because even though the checks might be down from prior years, they are still averaging between four and eight times the U.S. median household income.
- Here come the investment banker bonus checks Goldman Sachs average bonus: $427,000
- Building your own '40 Act mutual fund. Simple in theory
- A few examples of high-flying clean energy stocks. Rallying above the moving averages
- A bunch of Nobel laureates think the federal minimum wage should be higher. Indexed to inflation
- Getting the most out of Siri on iPhones and iPads. Call me 'your majesty'
In a year that saw the S&P 500 gain more than 32%, no one should be surprised that noncorrelated strategies would lose some investor appeal. But when hedge fund investors start fleeing because they don't like the relative performance comparison, it begs the question of whether these investors should still be described as the “smart money.”