Zeev's Turnips Patch-No Politics (ZEEV)

[bigpoppapumpanddump]

Only an idiot would invest in this product if they are going to be charged 1.5% and a 20% incentive fee for just beating some index. Hedge funds have to actually make a profit to earn a 20% incentive fee. With this Fidelity product you could lose 10% and if the index is down 12% you would be charged a 20% incentive fee on the difference just because they were able to lose less than the index. Why wouldn't an investor just put their money into a real hedge fund.