(CCN) Index funds are squashing hedge fund managers in the US stock market. No matter which way you look at it, the decade-long bull markets in the Dow Jones, Nasdaq, and S&P 500 have smoked the “smartest guys in the room.” Who’s to blame for this? Well, as you might have guessed its probably the Federal Reserve. As they pump markets with an artificial stimulus, designed to force cash out of bank accounts and into higher-yielding, riskier assets, stocks are the only game in town.
10-Year Dow Surge Kills Hedge Funds – Why Traders May Get Last Laugh
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