Cheer Up! Hedge Funds Had a Lousy First Half Too

"What is a little different about today's hedge fund sighting from Bloomberg isn't that certain funds or certain styles are faring poorly (remember the quant disasters of last August?) but hedge funds on average lost money the first half. And that was before fees. Nevertheless, this lackluster showing has put only a dent in their popularity. leading investors to switch managers rather than withdraw from the sector:"