Morgan Creek CEO Yusko on Hedge Funds

The video discusses the current negative sentiment towards hedge funds, drawing parallels to past events in 2000 when Tiger Management was shut down. It highlights the rise of passive investments, which now constitute 40% of assets, and questions whether this trend will continue. The performance of hedge funds post-2009 is analyzed, noting their underperformance compared to long-only investments. The future of passive funds is questioned, and various investment strategies, including portfolio insurance and smart beta, are discussed, emphasizing that these strategies often end abruptly.

How does the speaker compare the current situation with hedge funds to past events, such as in 2000?

What are the implications of the shift in passive funds from 10% to 40% of assets?

What does the speaker suggest about the future of hedge funds based on historical patterns?

What is the significance of the quote from Ernest Hemingway in the context of hedge funds?

In what ways does the speaker believe the selling of hedge funds will occur?