A Mystery in Hedge Fund Investing

NYT – In 2014, the Barclay Hedge Fund Index returned 2.88 percent. In that same period, the boring Standard & Poor’s 500-stock index of larger American stocks gained more than 13 percent and the Barclay United States Aggregate Bond Index rose more than 5 percent.

I know, I know, that’s only one year. And one year doesn’t equal a track record. But how about a decade?

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