[spanalot]

“Some go bust every month.”

Uh - but this is Citi.

[theBuckwheat]

I am very familiar with a Rydex FOF hedge fund that went bust a few years ago. Now Rydex is no slouch either. IMO, it is is in the same top tier of companies that Citi is in. Happily, Rydex later made the fund partners whole.

What is entirely missing in this silly handwinging is any mention of fund style. A company may sponsor a number of hedge funds, each with its own manager and own each with its own "play" or skill at finding value.

Indeed, one firm maintains and publishes formal indexes of the performance of various styles of hedge funds. The monthly performance can be seen at:

https://www.hedgefundresearch.com/hfrx

The indexes are: HFRX Convertible Arbitrage Index, HFRX Distressed Securities Index, HFRX Equity Hedge Index, HFRX Equity Market Neutral Index, HFRX Event Driven Index, HFRX Macro Index, HFRX Merger Arbitrage Index, and HFRX Relative Value Arbitrage Index