Levine: How Are Hedge Funds Doing?

The video discusses the role of hedge funds in improving portfolio performance and reducing risk, despite recent underperformance due to market artificiality. It highlights the challenges of price discovery and the importance of considering historical context in investment decisions. The discussion also covers the role of pension funds and the need for alternative asset classes in the face of market distortions.

What is the significance of recency bias in investment decisions?

What potential crisis is mentioned regarding pension funds and asset classes?