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Two Hedge Fund Clones Outpace Their Masters

A year after launching ETFs meant to mimic hedge funds, AlphaClone and Guru Holdings are running with the bull market.

Two exchange-traded funds that mimic hedge fund equity strategies have just passed their one-year anniversaries. The bad news for hedge fund managers is that both of these funds, the AlphaClone Alternative Alpha ETF and the Global X Top Guru Holdings ETF, performed as well as or better than the funds

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