New Yorker Article on Unfairness of Hedge Fund Fee Structure

I post this article because it highlights how the huge fee on Wall Street always trumps the long-term good of the customer. How many of us could resist the one-time $100 million bonanza into our checking account that awaits the "risk-taking" hedge fund manager? If the bets go south the fund goes out of existence. But in the meantime you are sipping drinks in St Johns with $100 million from the year before's favorable result. And you are not a criminal either.


http://www.newyorker.com/talk/financial/2007/11/12/071112ta_talk_surowiecki