Hedge fund switches to mutual fund

One reason to switch from a hedge fund to a mutual fund is to look good by comparison. Just look at Bull Path Capital Management's decision to do just that: It "was down 26 percent last year and 15 percent this year through March. As a mutual fund, however, it's ranked first among 18 similar funds by fund tracker Lipper by annualized returns," reports the New York Post.

Indeed, last year, hedge funds on average--despite some terrible press--fared much better than the average stock mutual fund. "If you're a half decent hedge fund, it shouldn't be that difficult for you to become a top-quartile mutual fund," a hedge exec tells the paper. It's fair to say that hedge funds and mutual funds companies will continue to poach on each other's turf. 

For more:
- here's the article

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