Many Big-Name Hedge Funds Outperformed S&P 500 in 2012

Last year, many of the largest, highest profile funds were able to beat — or come close to beating — the S&P 500, which generated a total return of about 16 percent in 2012.

The average hedge fund only squeezed out a 5 percent to 6 percent return last year. But many of the largest, highest profile funds were able to beat — or come close to beating — the S&P 500, which generated a total return of about 16 percent in 2012.

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