7 October 2019, The Wall Street Journal

Hedge funds on average generated less than half the returns of the stock market in the first half of 2019, posting a net return of 7.2%, according to industry data tracker BarclayHedge. The S&P 500 returned 18.5%. This is an improvement over last year’s mid-year report.  And while equity funds have been the top-performing strategies this year, looking back 1, 3, and 5 years generally reveals a lack of consistency by most strategies.

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