If the manager is the same, but fund performance is not beating the index for that segment of the market or not beating most of the other managers in that segment, sell if this goes on for longer than a year.
The hedge fund index tracks a limited segment of the market, however, and may not have captured the 15% or greater declines some of the big funds have felt this year, analysts said.
Cities like San Diego or Tampa are improving in the housing affordability index because buying activity in the lower segment of the market has picked up.