  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  