CBS News - Markets & Investing

• Bias alert: Why you can't trust hedge fund returns
  A new study shows that hedge fund data can look better than they are
  
• Municipal bonds continue to rally
  Despite predictions of doom, the municipal bond market is on the upswing
  
• Private equity gives poor results for high fees
  Despite paying high fees, investors in private equity haven't seen better investing performance
  
• Why Europe's problems haven't roiled the markets
  The financial crisis on the Continent provides a great example of why you shouldn't panic when responding to an immediate problem
  
• Another year of lousy returns for hedge funds
  Even with the extreme risks some hedge funds take, as a group they still can't seem to outperform basic indexes