USA Today – If grades were given out to hedge funds, often dubbed the “smart money,” for their recent investment performance, they’d probably get a “C.”
Indeed, these secretive investments favored by the wealthy and institutional investors have trailed the performance of the benchmark Standard & Poor’s 500-stock index in 2014 — thru the end of July — as well as in the past 12 months, according to preliminary July data compiled by Preqin, a supplier of data, analysis and intelligence services to the alternative assets industry.
