Hedge funds are a force for good but mum and dad investors should steer well clear. That is the view of one of the word's academic experts on hedge funds, NYU Stern School of Business Professor Stephen Brown.

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In the first four months of 2015, hedge funds made 14 investments in Indian start-ups and since then, they have made only four, ‘Bloomberg’ data shows

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By Cliff Stanton

Advisors have expressed frustration with funds in this category. Is that warranted?

In recent years, mainstream investors have increasingly embraced long-short equity mutual funds. Fund launches only began to accelerate in the aftermath of the financial crisis, so investors’ collective experience with these funds has been largely acquired during an equities bull market.

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