--- title: "Meaning & Key Takeaway of: Despite all the media coverage, glitz and…" description: "\"Despite all the media coverage, glitz and glam of hedge funds, they have not done well for their investors. They have high - some say excessively high ..." image: "https://sms4smile.com/quotes/i/64b/barry-ritholtz-5065_been_despite-all-the-media-coverage-glitz-and_826953.jpg" --- # Despite all the media coverage, glitz and glam of hedge… ![“Despite all the media coverage, glitz and glam of hedge funds, they have not done well for their investors. They have high - some say excessively high - fees; their short- and long-term performance has been poor.” quote by Barry Ritholtz](https://sms4smile.com/quotes/i/64b/barry-ritholtz-5065_been_despite-all-the-media-coverage-glitz-and_826953.jpg) [Download](https://sms4smile.com/quotes/i/64b/barry-ritholtz-5065_been_despite-all-the-media-coverage-glitz-and_826953.jpg) [Open image](https://sms4smile.com/quotes/i/64b/barry-ritholtz-5065_been_despite-all-the-media-coverage-glitz-and_826953.jpg) > “Despite all the media coverage, glitz and glam of hedge funds, they have not done well for their investors. They have high - some say excessively high - fees; their short- and long-term performance has been poor.” [Barry Ritholtz](https://sms4smile.com/quotes/author/barry-ritholtz/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Hedge funds charge high fees and underperform, making them poor choices for investors. **In simple terms:** High fees, low returns. Key Takeaway Avoid costly hedge funds. Themes investment fees performance Mood critical cautious Type financial analytical When to use this quote - Retirement planning - portfolio diversification - advisor selection Key Concepts Fee structures market efficiency risk management Questions to Reflect On - Are there hedge funds that consistently beat benchmarks? - How can investors assess true value? A Different Perspective Some hedge funds may excel in niche strategies. ★ ★ ★ ★ ★ No ratings yet [Been](https://sms4smile.com/quotes/about/been/) [Coverage](https://sms4smile.com/quotes/about/coverage/) [Customer](https://sms4smile.com/quotes/about/customer/) [Despite](https://sms4smile.com/quotes/about/despite/) [Done](https://sms4smile.com/quotes/about/done/) [Excessively](https://sms4smile.com/quotes/about/excessively/) [Fees](https://sms4smile.com/quotes/about/fees/) [Funds](https://sms4smile.com/quotes/about/funds/) [Funds Investors](https://sms4smile.com/quotes/about/funds-investors-523997/) [Glam](https://sms4smile.com/quotes/about/glam/) [Hedge](https://sms4smile.com/quotes/about/hedge/) [Hedge Funds](https://sms4smile.com/quotes/about/hedge-funds-373756/) [High](https://sms4smile.com/quotes/about/high/) [High Fees](https://sms4smile.com/quotes/about/high-fees-395848/) [Investing](https://sms4smile.com/quotes/about/investing/) [Investors](https://sms4smile.com/quotes/about/investors/) [Long term](https://sms4smile.com/quotes/about/long-term/) [Media](https://sms4smile.com/quotes/about/media/) [Performance](https://sms4smile.com/quotes/about/performance/) [Poor](https://sms4smile.com/quotes/about/poor/) [Say](https://sms4smile.com/quotes/about/say/) [Short](https://sms4smile.com/quotes/about/short/) [Some](https://sms4smile.com/quotes/about/some/) [Well](https://sms4smile.com/quotes/about/well/) ## Related quotes > [Hedge funds are not especially liquid. Many are 'gated' - meaning there are only small windows when you can withdraw your money. They typically…](https://sms4smile.com/quotes/barry-ritholtz/hedge-funds-are-not-especially-liquid-many-are-gated-meaning-there/) [Barry Ritholtz](https://sms4smile.com/quotes/author/barry-ritholtz/) > [We need a federal government commission to study the way our financial services system is working - I believe it is working badly -…](https://sms4smile.com/quotes/john-c-bogle/we-need-a-federal-government-commission-to-study-the-way-our/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [I don't see any magic in hedge funds.](https://sms4smile.com/quotes/john-c-bogle/i-don-t-see-any-magic-in-hedge-funds/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [Hedge funds are not noted for their long-term thinking - for them, a quarter is an eternity.](https://sms4smile.com/quotes/joseph-stiglitz/hedge-funds-are-not-noted-for-their-long-term-thinking-for-them-a/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [Improving oversight of hedge funds and other private funds is vital to their sustainability and to our economy's stability.](https://sms4smile.com/quotes/jack-reed/improving-oversight-of-hedge-funds-and-other-private-funds-is-vital/) [Jack Reed](https://sms4smile.com/quotes/author/jack-reed/) > [The corporation and the hedge funds have a hold on Hollywood, and they all want to make money on anything that signifies cinema.](https://sms4smile.com/quotes/alejandro-gonzalez-inarritu/the-corporation-and-the-hedge-funds-have-a-hold-on-hollywood-and-they/) [Alejandro Gonzalez Inarritu](https://sms4smile.com/quotes/author/alejandro-gonzalez-inarritu/) > [Hedge funds try to produce above-average investment returns using tactics ranging from traditional stock-picking to complex derivative and arbitrage plays. High minimum investments, redemption…](https://sms4smile.com/quotes/alex-berenson/hedge-funds-try-to-produce-above-average-investment-returns-using/) [Alex Berenson](https://sms4smile.com/quotes/author/alex-berenson/) > [One of the problems with hedge funds is that they are changing so rapidly. If you have the balance sheet that closed business last…](https://sms4smile.com/quotes/alan-greenspan/one-of-the-problems-with-hedge-funds-is-that-they-are-changing-so/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) > [Successful hedge funds will be entrepreneurial; it is the essence of the craft.](https://sms4smile.com/quotes/paul-singer/successful-hedge-funds-will-be-entrepreneurial-it-is-the-essence-of/) [Paul Singer](https://sms4smile.com/quotes/author/paul-singer/) > [In 2008, people who invested in hedge funds needed capital badly, but many of the funds would not return their money. However, I gave…](https://sms4smile.com/quotes/carl-icahn/in-2008-people-who-invested-in-hedge-funds-needed-capital-badly-but/) [Carl Icahn](https://sms4smile.com/quotes/author/carl-icahn/) > [Given the typical fee structures of hedge funds, they need to do something different to make money in a consistent way.](https://sms4smile.com/quotes/paul-singer/given-the-typical-fee-structures-of-hedge-funds-they-need-to-do/) [Paul Singer](https://sms4smile.com/quotes/author/paul-singer/) > [If competition for Kaggle's top talent becomes fierce enough among banks, insurance companies, hedge funds - we hope the world's best data scientists will…](https://sms4smile.com/quotes/anthony-goldbloom/if-competition-for-kaggle-s-top-talent-becomes-fierce-enough-among/) [Anthony Goldbloom](https://sms4smile.com/quotes/author/anthony-goldbloom/) > [Hedge funds, private equity and venture capital funds have played an important role in providing liquidity to our financial system and improving the efficiency…](https://sms4smile.com/quotes/jack-reed/hedge-funds-private-equity-and-venture-capital-funds-have-played-an/) [Jack Reed](https://sms4smile.com/quotes/author/jack-reed/) > [If you are not making any mistakes, you are being excessively risk-averse. Investing involves risk, and that means you will occasionally be wrong. And…](https://sms4smile.com/quotes/barry-ritholtz/if-you-are-not-making-any-mistakes-you-are-being-excessively-risk/) [Barry Ritholtz](https://sms4smile.com/quotes/author/barry-ritholtz/) > [When an actor charges high fees, nobody says anything. But when an actress does the same, it becomes news.](https://sms4smile.com/quotes/vijayashanti/when-an-actor-charges-high-fees-nobody-says-anything-but-when-an/) [Vijayashanti](https://sms4smile.com/quotes/author/vijayashanti/) ## More by Barry Ritholtz > [Amongst the financial Twitterati, the term 'muppets' has come to describe any client used and abused by some financial predator. I've adopted the term…](https://sms4smile.com/quotes/barry-ritholtz/amongst-the-financial-twitterati-the-term-muppets-has-come-to/) [Barry Ritholtz](https://sms4smile.com/quotes/author/barry-ritholtz/) > [It is important for investors to understand what they do and don't know. Learn to recognize that you cannot possibly know what is going…](https://sms4smile.com/quotes/barry-ritholtz/it-is-important-for-investors-to-understand-what-they-do-and-don-t/) [Barry Ritholtz](https://sms4smile.com/quotes/author/barry-ritholtz/) > [The good news is that economists are intelligent, engaging and often charming folks. The bad news is their work is often of little use…](https://sms4smile.com/quotes/barry-ritholtz/the-good-news-is-that-economists-are-intelligent-engaging-and-often/) [Barry Ritholtz](https://sms4smile.com/quotes/author/barry-ritholtz/) > [The electronics industry expanded rapidly and the seeds for the semiconductor and software revolution were planted. The postwar period also saw the suburbanization of…](https://sms4smile.com/quotes/barry-ritholtz/the-electronics-industry-expanded-rapidly-and-the-seeds-for-the/) [Barry Ritholtz](https://sms4smile.com/quotes/author/barry-ritholtz/) > [Footage of people camped out at Best Buy or elsewhere is not remotely a celebration. Rather, it's a reminder of just how economically distressed…](https://sms4smile.com/quotes/barry-ritholtz/footage-of-people-camped-out-at-best-buy-or-elsewhere-is-not-remotely/) [Barry Ritholtz](https://sms4smile.com/quotes/author/barry-ritholtz/) > [Markets are frequently ahead of, and often out of sync with, the economy.](https://sms4smile.com/quotes/barry-ritholtz/markets-are-frequently-ahead-of-and-often-out-of-sync-with-the-economy/) [Barry Ritholtz](https://sms4smile.com/quotes/author/barry-ritholtz/) > [Narrative drives most of economics. Everything seems to be part of a story, and how that story is told often leads to critical error.](https://sms4smile.com/quotes/barry-ritholtz/narrative-drives-most-of-economics-everything-seems-to-be-part-of-a/) [Barry Ritholtz](https://sms4smile.com/quotes/author/barry-ritholtz/) > [This ugly duckling investment will likely need time - quarters, or even years - to blossom into a beautiful swan.](https://sms4smile.com/quotes/barry-ritholtz/this-ugly-duckling-investment-will-likely-need-time-quarters-or-even/) [Barry Ritholtz](https://sms4smile.com/quotes/author/barry-ritholtz/) > [Yearly data put the rest of the noise into perspective. Most of the weekly or monthly random up-and-down movements get smoothed out. Ultimately, this…](https://sms4smile.com/quotes/barry-ritholtz/yearly-data-put-the-rest-of-the-noise-into-perspective-most-of-the/) [Barry Ritholtz](https://sms4smile.com/quotes/author/barry-ritholtz/) > ['Returnless risk' is not how you prepare for a decent retirement.](https://sms4smile.com/quotes/barry-ritholtz/returnless-risk-is-not-how-you-prepare-for-a-decent-retirement/) [Barry Ritholtz](https://sms4smile.com/quotes/author/barry-ritholtz/) > [A number of bloggers in economics and the financial sector have risen to prominence through the sheer strength of their work. Note it was…](https://sms4smile.com/quotes/barry-ritholtz/a-number-of-bloggers-in-economics-and-the-financial-sector-have-risen/) [Barry Ritholtz](https://sms4smile.com/quotes/author/barry-ritholtz/) > [TV producers want ratings and are willing to do nearly anything to get them. They gin up artificial conflicts and create an urgency for…](https://sms4smile.com/quotes/barry-ritholtz/tv-producers-want-ratings-and-are-willing-to-do-nearly-anything-to/) [Barry Ritholtz](https://sms4smile.com/quotes/author/barry-ritholtz/) > [Asset managers have different approaches, and I don't wish to suggest there is only one way to run money. There are many ways one…](https://sms4smile.com/quotes/barry-ritholtz/asset-managers-have-different-approaches-and-i-don-t-wish-to-suggest/) [Barry Ritholtz](https://sms4smile.com/quotes/author/barry-ritholtz/) > [There is a shortage of doctors, and the American Medical Association is aiming to keep it that way.](https://sms4smile.com/quotes/barry-ritholtz/there-is-a-shortage-of-doctors-and-the-american-medical-association/) [Barry Ritholtz](https://sms4smile.com/quotes/author/barry-ritholtz/) > [We love a tale of heroes and villains and conflicts requiring a neat resolution.](https://sms4smile.com/quotes/barry-ritholtz/we-love-a-tale-of-heroes-and-villains-and-conflicts-requiring-a-neat/) [Barry Ritholtz](https://sms4smile.com/quotes/author/barry-ritholtz/) [Explore all 103 Barry Ritholtz quotes ](https://sms4smile.com/quotes/author/barry-ritholtz/) ## More Been quotes > [When I was trying to come up with a stage name, I thought 'Lord' was super rad, but really masculine - ever since I…](https://sms4smile.com/quotes/lorde/when-i-was-trying-to-come-up-with-a-stage-name-i-thought-lord-was/) [Lorde](https://sms4smile.com/quotes/author/lorde/) > [I once told someone I could act. They totally bought it. I've been getting away with it ever since.](https://sms4smile.com/quotes/akshay-kumar/i-once-told-someone-i-could-act-they-totally-bought-it-i-ve-been/) [Akshay Kumar](https://sms4smile.com/quotes/author/akshay-kumar/) > [Amongst the financial Twitterati, the term 'muppets' has come to describe any client used and abused by some financial predator. I've adopted the term…](https://sms4smile.com/quotes/barry-ritholtz/amongst-the-financial-twitterati-the-term-muppets-has-come-to/) [Barry Ritholtz](https://sms4smile.com/quotes/author/barry-ritholtz/) > [Here's the reality. The image of a white Jesus has been used to justify enslavement, conquest, colonialism, the genocide of indigenous peoples. There are…](https://sms4smile.com/quotes/tim-wise/here-s-the-reality-the-image-of-a-white-jesus-has-been-used-to/) [Tim Wise](https://sms4smile.com/quotes/author/tim-wise/) > [I would have done well as a gypsy child, I think. A circus baby. I coulda played a great street urchin or ragamuffin. Or…](https://sms4smile.com/quotes/natasha-lyonne/i-would-have-done-well-as-a-gypsy-child-i-think-a-circus-baby-i/) [Natasha Lyonne](https://sms4smile.com/quotes/author/natasha-lyonne/) > [A lot of people have been saying 'The 100' reminds them of 'Lord Of The Flies,' 'Lost' and 'Battlestar Galactica,' and all of those…](https://sms4smile.com/quotes/marie-avgeropoulos/a-lot-of-people-have-been-saying-the-100-reminds-them-of-lord-of-the/) [Marie Avgeropoulos](https://sms4smile.com/quotes/author/marie-avgeropoulos/) > [I'm a character actor - always have been, always will be - and historically, character actors don't come into their own until later in…](https://sms4smile.com/quotes/annie-potts/i-m-a-character-actor-always-have-been-always-will-be-and/) [Annie Potts](https://sms4smile.com/quotes/author/annie-potts/) > [Well, I've been politically involved for a really long time. Growing up in the segregated South, it was a very painful experience for me…](https://sms4smile.com/quotes/cybill-shepherd/well-i-ve-been-politically-involved-for-a-really-long-time-growing-up/) [Cybill Shepherd](https://sms4smile.com/quotes/author/cybill-shepherd/) > [I've seen guys come along with more ability - they've been faster or bigger or stronger - but they never worked hard to develop…](https://sms4smile.com/quotes/steve-largent/i-ve-seen-guys-come-along-with-more-ability-they-ve-been-faster-or/) [Steve Largent](https://sms4smile.com/quotes/author/steve-largent/) > [I have always been a big meta guy because I think the way journalism is practiced in Washington, and the way everyone sort of…](https://sms4smile.com/quotes/mark-leibovich/i-have-always-been-a-big-meta-guy-because-i-think-the-way-journalism/) [Mark Leibovich](https://sms4smile.com/quotes/author/mark-leibovich/) > [Windmills and solar cells are carbon-free sources of electricity. But they are costly. If you've been investing in those, give it up. That game…](https://sms4smile.com/quotes/kenneth-fisher/windmills-and-solar-cells-are-carbon-free-sources-of-electricity-but/) [Kenneth Fisher](https://sms4smile.com/quotes/author/kenneth-fisher/) > [Once I committed to acting, this has been it.](https://sms4smile.com/quotes/ernie-hudson/once-i-committed-to-acting-this-has-been-it/) [Ernie Hudson](https://sms4smile.com/quotes/author/ernie-hudson/) > [I have never been in, nor have I had any strong particular desire to be in, what is termed a costume drama, but I…](https://sms4smile.com/quotes/martin-freeman/i-have-never-been-in-nor-have-i-had-any-strong-particular-desire-to/) [Martin Freeman](https://sms4smile.com/quotes/author/martin-freeman/) > [There has always been a feeling with people that they love my singing but not always the choice of material.](https://sms4smile.com/quotes/alison-moyet/there-has-always-been-a-feeling-with-people-that-they-love-my-singing/) [Alison Moyet](https://sms4smile.com/quotes/author/alison-moyet/) > [I've always been a believer in research. It's great to have an instinctual human reaction to a character, too, of course, but it has…](https://sms4smile.com/quotes/chiwetel-ejiofor/i-ve-always-been-a-believer-in-research-it-s-great-to-have-an/) [Chiwetel Ejiofor](https://sms4smile.com/quotes/author/chiwetel-ejiofor/) [Browse all 13,699 Been quotes ](https://sms4smile.com/quotes/about/been/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Despite all the media coverage, glitz and glam of hedge funds, they have not done well for their investors. They have high - some say excessively high - fees; their short- and long-term performance has been poor.", "creator": { "@type": "Person", "name": "Barry Ritholtz" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/barry-ritholtz/despite-all-the-media-coverage-glitz-and-glam-of-hedge-funds-they/", "about": { "@type": "Thing", "name": "Been" }, "@id": "https://sms4smile.com/quotes/barry-ritholtz/despite-all-the-media-coverage-glitz-and-glam-of-hedge-funds-they/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/64b/barry-ritholtz-5065_been_despite-all-the-media-coverage-glitz-and_826953.jpg", "contentUrl": "https://sms4smile.com/quotes/i/64b/barry-ritholtz-5065_been_despite-all-the-media-coverage-glitz-and_826953.jpg", "url": "https://sms4smile.com/quotes/i/64b/barry-ritholtz-5065_been_despite-all-the-media-coverage-glitz-and_826953.jpg", "width": 1080, "height": 1080, "caption": "“Despite all the media coverage, glitz and glam of hedge funds, they have not done well for their investors…” — Barry Ritholtz", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Barry Ritholtz", "item": "https://sms4smile.com/quotes/author/barry-ritholtz/" }, { "@type": "ListItem", "position": 4, "name": "Despite all the media coverage, glitz...", "item": "https://sms4smile.com/quotes/barry-ritholtz/despite-all-the-media-coverage-glitz-and-glam-of-hedge-funds-they/" } ], "@id": "https://sms4smile.com/quotes/barry-ritholtz/despite-all-the-media-coverage-glitz-and-glam-of-hedge-funds-they/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```