Mutual and hedge funds that use quantitative strategies have fared poorly of late, but rather than blaming their bleak performance on recent market gyrations or a steep and simultaneous sell-off of stocks by hedge funds, many are saying that the resurgence of growth stocks is to blame, The Wall Street Journal reports.

So far this year, quantitative mutual funds are up 3.5%, compared to a 4.5% rise by the Standard & Poor’s 500 Index, according to Lipper.

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