(Bloomberg) -- For most hedge fund managers, the bull market of the past six years has been a downer. Investors increasingly complained they could make more with an index fund than they could betting on the Masters of the Universe.

This year, for the first time since the financial crisis, hedge funds are winning. Managers including John Burbank, David Tepper and John Paulson are particular standouts, returning at least triple the return of U.S. stocks and beating bonds by more than 10 times.

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