Hedge Fund underperformance

Need a two page paper that explains the underperformance of hedge funds since early in 2014 until now. This may be due to the high costs hedge funds have + staff. The index you can use to show underperformance is HFRIFOF Index vs SPX index.

To start of the paper I want you to talk about the following theme “Is managing your money a business and to what extent are you affected + do you let your emotions rule you?” maybe end with it if you feel it’s appropriate.

I can only have two quotes in the paper and needs to be concise. No introduction and conclusion are needed, just straight to the point.

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