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The funds continue to lag behind the stock market, despite a record level of assets. But a few managers are delivering.
Hedge funds were finally hoping the return of volatility in 2018 was going to revive their fortunes.
But no such luck. Hedge funds are well on their way to their 10th straight year of underperforming U.S. stocks.
To assess what happened in the first half of 2018, global industry data tracker BarclayHedge ran a broad screen of several thousand...