Ok I get it. Hedge funds are fun to write about. Every journalist seems to have some story out about hedge funds. The Economist just ran a piece called “Dead, or just resting?” It says nothing essentially, but it must have felt like another great opportunity to use the phrase ‘hedge fund’.
What’s my gripe? Hedge fund can mean anything. There are untold numbers of different hedge fund trading strategies. So what purpose does it serve to group all speculative trading pools under one umbrella? It doesn’t serve a purpose. It confuses the issue even more.
If the style of trading is not discussed and separations are not drawn across trading styles — stop reading — you are wasting your time.