We were at school together http://keandra.in.net keandra.com To critics, hedge funds are secretive, risky, loosely regulated playgrounds for the super wealthy. And while the industry keeps expanding, its performance does not. This year could be the fifth in a row that hedge funds underperform the Standard & Poor's 500 stock index, according to Hedge Fund Research, or HFR, which analyzes the industry. That's an unwelcome reversal: For the 20 years from 1990 to 2009, hedge fund returns beat or tied the S&P 500 15 times.
