tag:blogger.com,1999:blog-3782644139927778760.post-13584112234626984432008-03-30T00:51:00.000-04:002008-03-30T00:51:00.000-04:00Why would any rational human being invest in something that is highly leveraged, illiquid and non-transparent? It is investing on pure faith to enhance one's own self-image (sense of status). <BR/><BR/>I think there will be a massive run on the entire hedge fund complex.<BR/><BR/>Any excess returns that hedge funds have previously earned are usually the result of leverage (which are not employed by regular mutual funds). Hedge fund investors are paying a 20% performance fee for the privilege of having someone employ leverage on their assets (which they could have done themselves). That on top of being potentially subject to being cut off from withdrawals. Really smart move.Anonymousnoreply@blogger.com