see this weeks New York:
Angelo Hagiligannis wipes out $180 million hedge fund and 
then disappears ....
http://newyorkmetro.com/news/businessfinance/23171

Angelo is one of the 1000s of Hedge Fund managers
with clown level experience having only 1 year experience
as only a broker assistant at Merrill Lynch 

Where were Hedge funds?
Where were hedge funds designed to make higher returns during the 
advance of the DJIA from 1,000 to 11,700 from about 1988 to 2000 ???

And where was your regular brokerage firm as Merrill , Goldman, Soly,
Morgan Stanley, First Boston, Lehman - none of them either hedge funds
or major Wall Street firms made like anything during this most major
rally in history... what they did make was pitling small when
with levereage any of them - hedge funds or major firms - should have been
making then and now 10 +++ billion per year in profits ...
which one did ???

NOT A SINGLE FRKG ONE none of them... 
does this clue you in to how pitiful they ALL are ????

! markit pro