, Columnist
Hedge Funds' Unlikely Savior
Donald Trump railed against the industry during the U.S. election. His victory has given it a shot in the arm.
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The past two years have been tough on hedge funds, and active money managers in general. Sitting on an index fund provided better returns in almost every asset class.
Donald Trump's election as president of the U.S., however, has offered these managers a new lease of life. Since the New York real estate tycoon's victory, the tight correlations between assets that have characterized markets in recent years have crumbled.