Now we know why investors have been getting walloped; JPMorgan on fund manager underperformance Business Insider Investors have been having a terrible time of it. Only 38% of funds are beating their benchmark for the year to date, according to JPMorgan. Only 35% of quant funds are doing so. That compares with 49% and 57% that were beating their benchmark this time last year. jlne.ws/26U6MKb