Hedge funds performance merely average this year

08/19/2014 | USA Today

For the six months that ended in July, the Preqin Hedge Fund All Strategies index rose just 3.47%, slightly trailing the S&P 500 index. For the 12 months that ended in July, the Preqin index lagged the broad market. To be sure, hedge funds are not designed to compete with the broad stock market. Still, the collective performance has been underwhelming.

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