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Hedge Funds Have Lost Their Dynamic Creators Of Value Lustre
FYI: Just how badly have hedge funds done since the crisis? If we wanted to cherry pick results, we could show thaHFRX global hedge fund index has underperformed the S&P 500 by 70 per cent since March 2009.
That statistic helps to explain why simple passive index tracker funds have grown so popular in the last decade. When the stock market is going up, there is nothing to dislike about them. Regards, Ted
