Institutional Investor Hedge Funds Have Taken Smaller Active Bets — and Delivered Less Alpha — Since the Financial Crisis The hedge fund industry is sticking closer to passive benchmarks, and alpha has declined as a result, according to research from the University of Virginia. https://www.institutionalinvestor.com/article/b1jfgd97z35c94/Hedge-Funds-Have-Taken-Smaller-Active-Bets-and-Delivered-Less-Alpha-Since-the-Financial-Crisis
