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A brutal chart shows how investors have been failed by hedge funds

Deutsche Bank put out research outlining investors' expectations, and actual returns, from hedge funds over the past few years.

Deutsche Bank just came out with its annual survey on the state of the hedge fund industry. Among the findings: for the past three years, investors in hedge funds haven't been getting close to the returns they expected.

Despite the mismatch between expectations and reality, Deustche Bank thinks investors will keep their money in funds.

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