Hedge funds are still a good place to grow money

In a recent article at Risk without Reward, they look at three reasons why hedge funds are still a great place for investors to put their money. They focus on the fact that hedge fund managers should be paid for their performance, and shouldn't be allowed to change the rules midway through the process. They also focused on three key points:

1) Gating while charging fees is unacceptable
2) Pay for performance works
3) Don't tinker with high water marks