Hedge Funds Trail Vanguard as Elliott Returns Atypical

Hedge Funds Trail Vanguard as Elliott Returns Atypical

Scott Eells/Bloomberg

From the end of 2000 through 2002, when the S&P 500 Index fell 17 percent annualized and the Vanguard Balanced Index Fund lost 6.3 percent, hedge funds returned 6.7 percent annually, according to data from Hedge Fund Research Inc.