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Hedge funds do indeed underperform the market: http://www.zerohedge.com/news/2013-12-13/hedge-funds-underperform-sp-5th-year-row http://www.zerohedge.com/news/2

Hedge funds do indeed underperform the market: http://www.zerohedge.com/news/2013-12-13/hedge-funds-underperform-sp-5th-year-row http://www.zerohedge.com/news/2013-12-13/hedge-funds-underpe... Same with mutual funds. With both mutual funds and hedge funds, investors are paying a ton of money for nonexistent skill.

jeffreyrogers 12y ago
You chose a five year period of underperformance when the markets are doing extraordinarily well. On the whole HF returns are higher than the market by about 6%. And in particular during the financial crisis hedge funds did better than the market as a whole.