Yes. There's been a huge hedge fund boom for years, and it'd been buoyed by the rising market. (a proper hedge fund ought to be uncorrelated to the market, els

Yes. There's been a huge hedge fund boom for years, and it'd been buoyed by the rising market. (a proper hedge fund ought to be uncorrelated to the market, else it would be cheaper to go long the market more directly. But I digress) This is the natural evolution of an underperforming asset class.