Mutual Fund Performance in 2009
I just read a Reuters article claiming that mutual funds may be gaining ground on hedge funds. While mutual funds may have gained market share over the last few months as institutional investors may re-position more actively than retail investors I believe hedge funds will come out ahead once we are a year into a more "normal" market environment. Does anyone have a direct comparison graphs of mutual vs. hedge fund performance or a pie chart on market share?
Here is an excerpt from the article mentioned above:
Hedge funds have gained a increasing share of the investment pie in recent years but the trend could could be reversing, judging by separate comments made by UBS and Deutsche Bank on Tuesday.
Timothy Bell, global head of hedge funds advisory at UBS Wealth Management, said hedge fund assets could fall further to $1.2 trillion this quarter from $1.4 trillion at the end of 2008 and $1.93 trillion at their peak in mid-2008. source