The thin end of the hedge wedge

Equity markets have rallied, but most hedge funds have underperformed.

What’s in a name?  Not a great deal, if you consider the performance of hedge funds in recent years.

While the latest figures suggest an improvement during the first few months of 2013, the vast majority of hedge funds have lagged well behind global equity markets after a horror 2012 and a less-than-spectacular 2011.

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