As we approach the end of the year, many professional investors are focusing their attention on performance metrics that will determine part of their annual compensation.  Hedge funds have typically aimed to operate on a "two and twenty" fee structure ...

Throughout the 1990s, mutual funds were marketed to individual investors with stellar ten and fifteen year track records made possible by the record bull market of the 1980s and 1990s. While there were a few notable interruptions, with the 1987 ...