These simulacra of hedge funds are going to completely change that world. That is the wave of the future. If you’re getting the same results as you get if you’re paying 2 and 20, why not go with the $5,000 minimum investment and the fee of $100?
Financial theory tells you that you cannot beat the large indexes unless you are getting inside information, and I don’t want to be part of anything that involves inside information.
~Ben Stein, actor, investor, financial markets observer, Bloomberg Brief, April 26, 2011