Will L/S Hedge Funds Be Around In 10 Years?
More of an opinion-based question but curious to see what people think about the outlook for hedge funds long term.
I've just been thinking from an outsider's perspective, why would a pension fund or institutional investor ever give a L/S fund $$$ when they charge ridiculously higher fees relative to most MFs and all ETFs, especially when these funds have more or less underperformed broader indices?
I'm not experienced enough to talk more about it but I genuinely want to know if I'm missing something here. Will this style of L/S investing still be around a decade from now? What value does it add over most low-cost MFs and ETFs?