The Irish Post – Mystifyingly, investors and pension funds continue to respond to hedge fund underperformance by throwing money at the industry, with assets under management now exceeding $3 trillion for the first time ever, according to eVestment.
Last year, hedge funds returned 7.4 per cent after fees, compared to the S&P 500’s 32 per cent return. This was no isolated failing – they have underperformed in each of the last five years.
