Friday, 27 November 2015
Last updated 1 day ago
May 22 2013 | 12:37pm ET
It's not exactly news, but hedge funds have been "lackluster" to say the least this year, according to a new Goldman Sachs report.
The average fund trails the Standard & Poor's 500 Index by about 10 percentage points, Amanda Sneider and David Kostin wrote. The former is up about 5.4% through May 10, and the latter 15.4%.
Hedge funds also badly trail the average mutual fund, which is up 14.8% during the period.
The "multi-year trend of lackluster hedge-fund returns continues in 2013," the analysts wrote. "Strong long performance was not enough to outweigh the drag from popular short positions," including Johnson & Johnson and Gilead Sciences.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…