Forbes – Mutual fund outfits are selling the glamour and mystique of hedge fund strategies. You’d be better off with a plain old balanced fund.
These are trying times for mutual fund managers. In the wake of the biggest stock market plunge in generations, investors yanked $1.6 trillion out of equity funds over the past 24 months, according to the Investment Company Institute. Much of it went into far less lucrative bond or money market funds or–horror of horrors–into government-insured bank accounts.
