Clients of Seth Klarman’s Baupost Group pulled roughly $7 billion from the hedge fund in the past three years, losing patience with the famed value investor after a decade of lackluster returns. Most

Jeff Talpins’ macro trading hedge fund Element Capital Management returned more than $6 billion last year, shrinking its asset base and stepping closer to managing mostly internal money.

A simple 60/40 model would’ve easily beat the returns that hedge-fund investors enjoyed, according to an estimate of their performance.

Hedge funds have charged their investors $1.8 trillion in fees from 1969 to the end of December 2024, according to data from hedge fund investor LCH Investments on Monday. Over the past 55 years, hedge funds have kept roughly half of the money they make from trading profits,

Investors in hedge funds often gripe about high fees. A new report puts the problem in sharp relief.

The world’s largest hedge funds sustained their consistent track records in 2024, though most would have underperformed an investment in an S&P 500 index fund.