Do hedge fund investors reap the big rewards?

Research commissioned by the lternative Investment Management Association and KPMG has found that hedge funds delivered an average annual return of 9.07 percent from 1994-2011, compared with 7.27 percent for global commodities, 7.18 percent for stocks, and 6.25 percent for bonds. The point of course is to dispel the notion that hedge funds lag other classes. As for performance fees, the study says investors received nearly 72 percent of the profits. That contrasts with a recent publication that concluded that managers took the lion's share of profits. Article