Data: eVestment; Chart: Will Chase/Axios
2021 wasn’t the year for hedge funds to finally outperform passive investing.
The big picture: Some hedge funds are sure to beat the index in any given year. But average hedge fund returns continued to lag — in a big way, according to data provided by eVestment.
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The bottom line: Actively managed mutual funds don’t usually beat the market either, as we’ve reported. And that’s one reason assets invested in passive funds have ballooned over the last five years.
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