Why This Hedge-Fund Manager Is Shutting Down

Now I plan to invest a chunk of the family portfolio in index funds—oh, the horror!

After 15 years of managing money, I recently decided to close my hedge fund and exit the business. Though I have continued to do better than the stock market on a long-term basis, my performance has faltered badly over the past two years, and the stress of the job has come to outweigh the benefits, such as they are.

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Andrew Feinberg
Contributing Columnist, Kiplinger's Personal Finance
Feinberg manages a New York City-based hedge fund called CJA Partners.