Business Times Malaysia – Stock markets made investors nearly three times more than the average hedge fund last year, according to French business school Edhec.
Hedge fund returns averaged 3.75 per cent last year compared with 13.74 per cent for the MSCI index of world stocks and 6.78 percent for the Lehman global bond index, Edhec said in a research note last week.
Within the hedge fund industry strategies that used equities were the best performers last year, but they too failed to return what investors would have earned on stocks.
