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Asset Management Is A Bizarre Industry Ripe For Disruption

David Teten

Simon Lack reports in The Hedge Fund Mirage that from 1998 to 2010, hedge fund managers earned $379 billion in fees, while their investors earned only $70 billion in investing gains. Would you pay a $379 tip for a $70 meal? Asset managers can earn far more money at less risk than in any other industry.