(Bloomberg) Hedge funds are headed for their best year since 2013 thanks to a gravity-defying stock market. Improving performance may go some way to assuaging criticism for fees that are hard to justify with mediocre returns, even though on average the funds underperformed equity benchmarks including the S&P 500 Index, which is up 15.7 percent year-to-date.
Hedge Funds Are Having Their Best Year Since 2013
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