Hedge funds deeply underperform the S&P 500 but they charge you much higher fees than you would pay an index fund. Some of that money goes to buying your transaction data from banks, credit card companies , and aggregators. Are they getting a return on that investment?
Mastercard, AmEx, and Envestnet Profit From $400M Business Of Selling Transaction Data
Forbes - 22 Jul 2018 16:41
Hedge funds deeply underperform the S&P 500 but they charge you much higher fees than you would pay an index fund. Some of that money goes to buying your transaction data from banks, credit card companies , and aggregators. Are they getting a return on that investment?
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