it sort of is. with very few exceptions, hedge funds do not beat the market over the long run. While, I guess in a sense they are making money if they have a po

it sort of is. with very few exceptions, hedge funds do not beat the market over the long run. While, I guess in a sense they are making money if they have a positive return, the fact that an unmanaged index fund of the market has better returns is comparatively a loss. Many times, investigators are able to find insider trading by simply looking for firms or individuals that consistently beat the market.