Hedge Fund Performance: End of an Era?

This is a summary of "Hedge Fund Performance: End of an Era?," by Nicolas P.B. Bollen, Juha Joenväärä, and Mikko Kauppila, published in the Third Quarter 2021 issue of the Financial Analysts Journal.

Summary: https://www.cfainstitute.org/research/financial-analysts-journal/2021/hedge-fund-performance