Average Investor Outperforms Hedge Funds In 2013

The three major indices have outshone hedge funds during 2013. The DJIA closed 2013 with a gain of 26.5%, the S&P 500 (INDEXSP:.INX) was up 29.6% and the Nasdaq rose 38.2%. As computed up to November, the HFRI Equity Hedge Index was up a piffling 13%. Bread and butter mutual funds did far better than the fancier bells and whistles hedge funds, says this article. Not only did investors do better by simply buying and holding, they also saved on the huge fees hedge funds usually charge. HSBC’s 52nd Hedge Weekly report issued by the HSBC Alternative Investment Group provides…