•  
• Tweet
•  
•        Print
•  
•         Track Keywords
•  
• 

Matthias Knab, Opalesque:

Dr. Ian Dogan, Founder of Insider Monkey, writes on Harvest Exchange:

You've probably read a million stories about how Bill Ackman's been getting creamed lately, how hedge funds continue to underperform indexes, and how redemptions continue to rock major hedge funds. But have you read one story about Leonard A. Potter's Wildcat Capital Management, whose stock picks gained 52% in the first-quarter according to our calculations (based on the weighted average returns of its eight positions in stocks with a market cap of at least $1 billion)? No, no you haven't.

The mainstream media is predictable if nothing else, and who can blame them? Misery and negativity generate clicks because, let's face it, many of us feel better about ourselves when we read about the failings of others, and that goes double or triple for the failings of billionaire money managers and their wealthy investors.

Of course, just because the media excessively dwells on hedge funds underperforming the market doesn't mean they're not right, and by no means do we advocate that investors pay exorbitant fees to invest with them, nor should they blindly mimic their picks. However, where they can find success is in betting on only the top ideas of the top performing hedge funds, like Wildcat Capital,......................

To view our full article Click here