Hedge Funds Getting Blown Away By Indexers

Hedge funds proved to be little more than leveraged beta bets in 2008. Now in 2009 they can’t even get that right. They trail the S&P500 by 4.8% year to date — having slipped badly lately. If only you could claw back some of your 2% management fee with a 20% penalty for underperformance.

What’s John Bogle’s number again?

Hedge Funds Underperform

(Via Zero Hedge)

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