Taxable bond funds returned 1.93percentt, according to Morningstar, while municipal bond funds returned 1.4percentt.
Only after he intervened were the funds returned.
Activist funds returned on average nearly 13 percent between 2009 and last year.
Funds returned an average 20% in 2009, having had their worst year ever in 2008.
General municipal debt funds returned 3.9percentt last year, Lipper said.
Meanwhile, the average balanced fund returned over 9.45percentt and domestic equity funds returned 11.85 percent".
Closed-end muni funds returned 16.25 percent, on average, last year, according to Morningstar Inc.
Citadel's flagship Kensington and Wellington hedge funds returned 14.3percentt over 2015.
Money market funds returned an average of 0.56percentt in 2003.
In the ten years to 1999, index funds returned an annual average of 14.7% to their investors and the S&P 500 gave 12.4%, according to Morningstar, a fund-tracking company based in Chicago, whereas actively managed funds returned 10.9%.
Over the two years through September, the Vanguard funds returned between 4.3 and 5.8 percent, annualized, below the category average.
