Chicago Tribune – Wealthy investors who thought a few years ago that brainy hedge fund managers would show them the money have shed their rose-colored glasses.
Individuals are no longer enamored with the funds, and for good reason. Last year, hedge funds tracked by Hedge Fund Research gained just 7 percent on average, while the Standard & Poor’s 500 provided a 16 percent total return. In 2011, hedge funds lost 8 percent, and as a group they have let individuals down every year since the 2008 financial crisis.
