Hedge Funds
Maybe becoming wealthy enough to have your money in a hedge fund is actually one of the drawbacks of getting rich. Getting access to top hedge managers certainly did not work well for regular folks who had the chance to invest alongside the 1 percent by buying shares in the soon-to-be-closed Whitebox Tactical Opportunities Fund, managed by Whitebox Advisors LLC. Investors lost money in the fund in 2014 while the S&P 500 returned double digits, and last year would also have been painful. It would’ve taken a little out-of-the-box thinking to see investing in this fund as a good idea...

In this article