Hedge funds are significantly lagging the market in 2012.

One of the reasons suggested-
Assets have been pouring into hedge funds over the past few years from pension funds and other sinstitutional investors, and the funds are having a hard time putting all that money to work.

"They're not very good at managing so much money," says Zuckerman. "They're good at their first one through five best picks. After that they don't that well."

http://finance.yahoo.com/blogs/daily-ticker/why-smart-money-...

"They're suppposed to be more cautious and underperform in a market up 15%," says Zuckerman, but not by so much. Hedge funds have been "a little too skeptical, a little too suspicious of this rally."

Private equity funds are also having problems this year. Cambridge Associates says the biggest buyout funds launched in 2006 and managing $3.5 billion or more have gained just 4%.

One of my accounts has underperformed and one cause is the skepticism of the rally.
I guess I need to take the road-less-traveled if I want to improve things