(CNBC) While a 4 percent loss in 2018 is mediocre, it was the first time hedge funds beat the S&P 500 in a decade. Hedge funds narrowly outperformed the market last year, posting a 4.07 percent annual loss versus the S&P’s 4.38 percent retreat including dividends, according to data from Hedge Fund Research and analysis from CNBC’s Leslie Picker. The last time the group beat the market was in 2008 during the financial crisis.
Hedge Funds Squeak by S&P 500, Topping the Benchmark
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