Hedge Funds Fall Short: Underperforming Low-Cost S&P 500 ETF By 6% in 2023. Here’s Why.
So far, 2023 has not started well for the hedge fund sector, as a common SPDR S&P 500 Trust ETF (ARCA: SPY) fared much better than the Global X Guru Index ETF (ARCA: GURU), a fund that invests in the highest conviction ideas from a chosen pool of hedge funds.