[brianmcc]

Yes in the early days, less so now:

https://en.wikipedia.org/wiki/Hedge_fund#Etymology

"Early hedge funds sought to hedge specific investments against general market fluctuations by shorting the market, hence the name.

Nowadays, however, many different investment strategies are used, many of which do not "hedge" risk."

[JumpCrisscross]

> many different investment strategies are used, many of which do not "hedge" risk."

They're still not generally designed to beat the S&P 500, always.

[infecto]

Fair if we want to go down the "hedge" approach. My point still stands, they don't all exist to beat the s&p500.