It is no secret that investors of all stripes have struggled
to beat the market since the financial crisis. The majority of hedge funds, for
instance, have trailed both global stocks and bonds since the start of 2010,
meaning that they have not added value to the simplest of portfolios, according
to the Financial Times.
Mutual funds are not performing as badly as last year, when
just 27 percent offered better returns than the benchmark they choose to track,
according to research group Lipper. But, again, the majority still trail in
2012.
Much of the blame for this tends to be attributed to the
fact that markets now move to a drumbeat of statements from politicians and
central bankers, such as the head of the US Federal Reserve. “All 500 S&P
[.SPX 1429.08 -8.84
(-0.61%)] companies have the same chairman and his name is Ben
Bernanke,” says Jurrien Timmer of the Fidelity Global Strategies Fund…..
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