The best replacement for hedge funds is mutual funds.

The best alternatives to hedge funds are rated as following:
★★★★★  mutual funds
★★★★  private equity
★★  investment banking
★  private equity funds
★  asset managers
  managed futures
  fund of funds
  asset management
  managed accounts
  private equity firms
  investment banks
  hedge funds
  private equities
  unhedged funds

Your alternative for hedge funds is not listed? Suggest!
Speaking about hedge funds, one probably shouldn't forget about side pockets.

Other search terms related to hedge funds and their ratings are:
★★★★★ side pockets
You have in mind a companion for hedge funds and it is not yet here? Propose!



Google Trends

Scale is based on the average worldwide traffic of hedge funds in all years. Click on graph for more.
hedge funds
mutual funds
private equity