I read about (mostly the risks of) ETFs that try to replicate hedge funds, such as http://www.etf.com/etf-education-center/21043-article-46-alternatives-etfs-can-an-etf-replicate-a-hedge-fund.html and
http://online.barrons.com/articles/hedge-fund-etfs-outperform-hedge-funds-1420259717,
but these hedge funds fail to outperform consistently even standard stock market indices.
Then I wondered: are there any ETFs that parallel or track successful investment companies with proven successful consistency, such as Dimensional Fund Advisors or Renaissance Technologies? I couldn't find any; the paragons to be copied doN'T have to be hedge funds.