The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.NEW YORK ( Insider Monkey) -- If you've been reading articles about hedge fund performance over the past three years, you're probably thinking index funds are better options for investors. During the last quarter, an average hedge fund underperformed S&P 500 index ETFs by around 8 percentage points.
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