Market Folly - Latest Comments in Hedge Funds &amp; Alternative Asset Management Industry Aren't What They Used to Behttp://marketfolly.disqus.com/Updates on what top hedge funds have been buying and selling. SEC Filings, hedge fund letters, investment conferences and more.enWed, 10 Sep 2008 13:38:58 -0000Re: Hedge Funds &amp; Alternative Asset Management Industry Aren't What They Used to Behttp://www.marketfolly.com/2008/09/hedge-funds-alternative-asset.html#comment-2262360<p>Steinhardt nailed this in 2005</p><p>"The young, aggressive fund managers that make up the new breed are charging ever-higher fees, even as returns are in the low single digits. "People whose returns are a small fraction of mine are yet so comfortable," Mr. Steinhardt said. "That suggests an incongruity that won't last."</p>TraderMarkWed, 10 Sep 2008 13:38:58 -0000