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Mega-buyout funds are turning in their worst returns over one-, three- and five-year periods. Large buyout funds haven't performed well either, with small buyout funds faring best, according to alternative investment research firm Preqin. With enough time having passed from the financial market mayhem of the third quarter of 2008, it's now possible to gain some perspective and measure the results.Mega-buyout funds' returns were negative over the past year, down 31.4%. Over the last three years, returns were still negative at 3.1%. But over the last five years, mega-buyout funds returns a solid 23.9%.
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