FYI: Hedge funds entered 2017 coming off their eighth-straight year of trailing U.S. stocks (as measured by the S&P 500 Index) by significant margins. And for the 10-year period ending 2016—one that included the worst bear market in the post-Depression era—the HFRX Global Hedge Fund Index managed to produce a negative return, -0.6%, underperforming every single major equity and bond asset class.
Regards,
Ted
http://www.etf.com/sections/index-investor-corner/swedroe-hedge-funds-trail-equities
