Do Hedge Fund Indexes Tell Only Part of Story? - DealBook Blog - NYTimes.com

Do Hedge Fund Indexes Tell Only Part of Story? - DealBook Blog - NYTimes.com: "Taken at face value, historic index figures suggest that even an average hedge fund manager can easily beat the stock market while taking less risk. Since 1990, a weighted index of hedge funds has returned around 12 percent annually — about four percentage points more than the returns for the Standard & Poor’s 500-