Hedge Funds Charge Too Much, Returns Down: Asness

The video discusses the criticisms and performance of hedge funds, particularly their lack of hedging and high fees. It examines their performance in bull markets, the impact of short-term investing, and the issue of crowded trades. Despite criticisms, hedge funds offer valuable strategies like arbitrage and trend following, but need better packaging for investors.

What are the main criticisms mentioned regarding hedge funds in the text?

How does the speaker suggest hedge funds should perform in a bull market versus a bear market?

What does the speaker imply about the fees charged by hedge funds?

What underlying trends does the speaker believe hedge fund managers are capitalizing on?

In what ways does the speaker believe hedge funds could improve their offerings to investors?