The Week Explained: Overconfidence

Hedge fund managers often regard themselves as the masters of the fund management universe.

So how do these financial wizards shape up? Results are now in for last year's hedge fund managers' performance from the Chicago-based Hedge Fund Research. They show that overall returns from hedge funds were a modest 6.2 per cent, compared with the 11.4 median return reflected in the FTSE All World equity and the Barclays Global Aggregate bond indices, as reported in the Financial Times.

via Business feed http://www.scmp.com/business/money/money-news/article/1136010/week-explained-overconfidence