Hedge Funds, BFD!
FACT: The average hedge fund charges its clients 2 percent per year of whatever money they invest.
FACT: If the hedge fund makes a profit, the manager skims 20 percent off the top of this profit.
FACT: When a hedge fund loses money, the manager does not give money back to investors.
What this means is your average hedge fund manager must earn 12 percent per year in profit in order for his clients to match the 8 percent long-term average return they could get on a plain vanilla S&P 500 index fund.
FACT: That's not easy to do, according to Hedge Fund Research (HFR), the average hedge fund does not outperform the market. Rather, over the past three- and 10-year terms, the average hedge fund underperformed it.
FACT: Over longer periods of time, the results have been similarly bleak. A 2009 study conducted by Emory University and Harvard Business School determined that the average hedge fund investor earned just 6 percent annually on his investments.
What's worse, funds making it into HFR's underperformance study only included those funds still alive at the end of the study. Factor in the total losses of hedge funds that have gone bust, and the underperformance would look even worse.
The fear emanating from shorts is palpable, the spin obvious, but at the end of the day, good news cannot be emoted away.
Prescott Group's recent $2M purchase of Cenveo stock was done with due diligence. I'm sure Elm Capital will want to prosper from their $11M holdings. Likewise, I'm sure that SAC Capital, the 8th largest hedge fund in the USA, will want a good return on their $3M holdings. $419K rounded to the nearest million = $0M. Sloppy writing. It's good to know that insiders are buying rather than selling.
That is the worst form article ever published. A 22% increase in # of institutions holding shares..up to 11 institutions? That means there were 9 and now there are 11? Wow! Hold the presses. And another "notable" position is Israel Englander at $0 million? We needed to know that someone took that position? Great info.
I understand now Kyle. You dont work for Burton or any WS analysts. You are a spammer. Send from the depths of non-news news world of finance.
If you read about the guy who has the largst position, Elm Ridge, he also has 34mil in Quad. He also owns RR Donelly stock. He owns the whole industry I bet. And he is probably the only one....
If you had followed this stock, you would have known that 2 years ago the biggest fund firm Fidelity held over 30% of this stock. Now? -0-.
Some of the top "investors" of this stock are index funds. Vanguard has a strong presence all of a sudden. What a #$%$ article that says nothing.