[eklbt]

This hedge fund example is not great because the hedge funds that beat the market(and overcome the added management fees) can't do so consistently.

[spywaregorilla]

"Hedge funds" generally aren't supposed to beat the market. They're supposed to do different to the market. That might be, for example, generally a bit worse but hugely better if the market suffers a catastrophic loss for a simple example.

[qweqwweqwe-90i]

But many do... e.g. rentec

[sidlls]

Statistically it stretches credulity to the breaking point for an outlier be an outlier year after year, whether it's in this or any other area.