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Exact(29)
Three growth funds performed best.
More stable funds performed better; more volatile funds performed worse.
There is little information available publicly about how the funds performed or what they invested in.
But some companies sold policies with a promise that no matter how badly the mutual funds performed, the policy would pay at least as much as was invested.
There have been periods of respite for the markets, like 1999, yet even then the funds performed poorly because they did not invest in technology stocks.
Global stock and commodity indexes lost roughly 10 percent in the first half and global bonds were roughly flat, so hedge funds performed respectably over all.
Similar(31)
Studies have shown that little funds perform no better than big funds, on average.
As a group, the study said, little funds perform no better than big ones, though their returns vary more widely.
But it's also because, as a rule, professionally managed pension funds perform better and pay less out in fees than individually managed retirement accounts.
Some these funds perform what is called a roll-up.
Other funds perform what is called a bolt-on.
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