James Greiff , Columnist

Can Hedge Funds Survive Bernanke?

Ben Bernanke is putting hedge-fund managers out of business.

May 22, 2013 at 4:23 PM UTC

James Greiff is an editor for Bloomberg Opinion. He was Wall Street news team leader at Bloomberg News and senior editor for Bloomberg Markets magazine. He previously reported on banking for the St. Petersburg Times and the Charlotte Observer.

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You have to wonder how long an industry that underperforms the broader market will stay around.

Goldman Sachs Group Inc. published a chart today comparing the performance of hedge funds that invest in equities with the major stock-market indexes. Based on Goldman's research, the average hedge fund is up just 5.4 percent so far this year. During the same period, the Standard & Poor's 500 Index has risen 15.4 percent, and the average mutual fund has gained 14.2 percent.