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But high fees and disappointing returns have dented their popularity.
The industry, despite disappointing returns, remains a destination for large swaths of institutional money.
At the same time, some hedge fund managers were paid well even for disappointing returns.
Disappointing returns spell danger for companies whose pension funds pay a fixed benefit to retirees.
But in thin times they take an interest in such matters, squeezing the industry's margins.More radical reform might follow, especially if the stockmarkets continue to produce disappointing returns.
At a time when many popular investment products are offering disappointing returns, the low fees of the exchange-traded funds have been attractive to investors.
Similar(7)
Growth in Germany and Spain was wiped out by Italy's disappointing return to contraction, and the ongoing weakness in France.
Thompson's £450,000 move from Sheffield Wednesday looked good business, but seven league goals was a disappointing return.
"He's put [a disappointing return at] Devon behind him, and one or two runs last season, and he can be better than today as well.
What is wrong with Pedro Martínez's crying ("Tears Shed by Martínez Are Not for Joy," Sept. 16) after his disappointing return to the Mets' starting rotation?
Dollar Thrifty, which last week announced a net loss of $340 million in 2008, suspended its trial of self-service kiosks in December, citing a disappointing return on its investment.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com