FYI: Hedge funds have had a rough time the past 10 years.
Using one measure, the HFRX global hedge fund index, they’ve underperformed the S&P 500 by 70% since March 2009. Using another measure, one preferred by AQR boss Cliff Asness, they’ve underperformed equities by 20% since 1994.
Looking over their performance and high fees, the Financial Times concluded: “No wonder exchange traded funds are so popular.”
But has the failure of hedge fund bosses helped the rise of ETFs? It certainly has – or so says Petra Bakosova, an ETF manager determined to cram hedge fund strategies into the ETF wrapper.
Regards,
Ted
http://www.etfstream.com/news/7136_this-fund-is-bringing-hedge-fund-strategies-to-etfsM* Snapshot HTUS:
https://www.morningstar.com/etfs/arcx/htus/quote.html