Hedge Fund Gurus Struggle With Low Returns, Criticize Industry

Returns so far this year for hedge fund managers have been lacking amid stagnant U.S. growth and struggling economies in Asia. At the annual Berkshire Hathaway (NYSE:BRK.A) shareholder meeting on April 30, Warren Buffett (Trades, Portfolio) criticized the high fees at many hedge funds and the high pay given to managers for subpar performance.