Tuesday, 28 July 2015
Last updated 15 hours 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…