mt cn for a thousand Bucks a night you could state the breakers Palm Beach resort this week and attend the annual Morgan Stanley hedge fund forum for these gigs at that price you'd expect believe happened but even the so called smart money at this event couldn't paint a pretty picture greatest correspondent Lawrence developing the mood is looming hedge fund managers are bearish on just about everything from stocks commodities to China at the same time those views are relatively consensus including investors they're talking to or underwhelmed where are the brilliant original contrarian ideas that they're paying the vaccines for indeed the average hedge fund lost money last year dropping point one six percent that's a third down here in less than a decade but hedge fund applet also hit a record high of nearly three trillion dollars and twenty fifteen with global markets in the clink since January and with a little optimism from the guys who like to think that up that's been upbraided those gathered in Palm Beach reluctantly say they're resigned to , paying top dollar management , because they don't see any other good options