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Hedge Funds Fail When 'Rock Stars' Are in Charge

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UNLESS THEY REALLY CAN SING
Reporters, it's about to get even tougher to get hedge fund managers on the phone. Bloomberg reports on a new study that looks at fund performance and media mentions. "Ozik and Sadka studied 978 hedge funds over the decade 1999 to 2008, and correlated their performance against media coverage, measured by checking mentions on Google News. “We document that hedge funds with media coverage underperform no-coverage funds by 3.5 percent annually over 1999-2008,” they concluded."
SOURCE:   Bloomberg

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