UPI – Bread-and-butter mutual funds beat the bells-and-whistles hedge fund portfolios on Wall Street this year, data show.
They may be drab, but the basic, across-the-board stocks handily out-performed those complex bets that hedge funds can’t seem to get enough of, the Wall Street Journal reported Tuesday, the last day of the year in which the Dow Jones industrial average, with dividends included, rose 29 percent.
