Hedge Funds Underperforming in 2013

Below is an interesting article about Hedge Funds underperforming in 2013.  It has been an interesting year thus far with a buoyant equity market, and hedge fund short positions are likely hurting quite a bit.  There are a lot of really overvalued securities in my estimation, which have gone up quite a bit, burning shorts’ quite badly.  I’d expect hedge funds to do better in a more normal and choppy environment.

http://blogs.wsj.com/moneybeat/2013/08/21/hedge-funds-severely-underperforming-this-year/