If hedge funders are so smart, why are they so relentlessly wrong?

Is Fed bashing by major hedge fund managers substantive or just a popular chord to strike up in the country club? And if it is, why haven't these financial sages made more money over the last couple of years with the market upswings? What the author seems to overlook is that hedge funds are designed to perform in bear markets, maybe after the next downturn this article will need to refresh its statistics.

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