Bill Gross on Hedge Fund Fees: Things Have to Change

The video discusses the high fees taken by hedge fund managers and the need for change in investment strategies. It questions the sustainability of the 'two and twenty' fee structure, especially in a low-return environment. The speaker compares investing in hedge funds to gambling, emphasizing the risks and potential losses over time. The discussion highlights the importance of delivering substantial returns to justify high fees and the impact of market conditions on investment outcomes.

In what way does the speaker believe the hedge fund managers perceive their worth?

What message does the speaker believe should be sent to the investment community regarding hedge fund fees?

How does the speaker compare investing in hedge funds to gambling in Vegas?

What does the speaker suggest about the returns investors can expect from hedge funds?

What does the speaker imply about the long-term outcomes for investors in hedge funds?