Hedge funds betting on stocks are having their best year since 2009 — but they’re still getting smoked by the market
|08/20/2017||Posted by BusinessMediaguide.Com under General World News||
- Equity hedge funds are off to their best start to a year since 2009, but they’re still trailing the S&P 500.
- In a market that’s been largely devoid of price swings, hedge funds have been piling into the same proven stocks.
The performance of stock hedge funds this year isn’t exactly providing a ringing endorsement for the industry.
The average fund is up 7% in 2017, the best seven-month start to a year since 2009, when the market hit its post-financial crisis bottom and embarked upon the ongoing bull market, according to Goldman Sachs. And while that return looks good on paper, it’s read more >>>