Hedge Funds Keep Failing to Deliver on What They’re Selling They neither outperform in bull markets nor offer insurance against bear retreats. Bloomberg, April 25, 2019       The stark underperformance of hedge funds and others in the alternative-investments business since the end of the financial crisis has been a long-running mystery. Or as Worth so starkly put… Read More The post Volatility Was Supposed to Help Active Managers appeared first on The Big Picture.