Hedge funds have finally had a banner year, emerging from a decadelong slump. An industry filled with wannabe mavericks is bound to have a bad time when virtually all asset classes are moving higher in lockstep. But a pandemic, rolling economic crises, and market volatility have created conditions for success for many hedge fund managers. And investors who were perfectly happy with their index funds for more than a decade are now eyeing high stock valuations, rising inflation, and potentially higher interest rates and wondering if it’s time to switch gears and seek a little protection in hedge funds.
Are…
