Hating on Hedge Fund Fees Is Bad for Your Retirement

Recently there has been a great deal of press critiquing at least one state pension plan's hedge fund investments because of the fees it is paying on them. The populist sentiment is that high fees enrich hedge funds and diminish returns. That conclusion is flawed. The treasurers and chief investment officers who invest in hedge funds are fulfilling their fiduciary obligations and enabling pension plans to better meet their funding goals.