Sunday, 30 August 2015
Last updated 2 days ago
Jul 21 2014 | 10:54am ET
Hedge fund investors disappointed by last year’s subpar returns should expect more—or, perhaps more accurately, less—of the same this year.
Nearly half of hedge fund managers expect returns of 5% or less this year, according to a Preqin poll. Fully two-thirds expect returns of 6% or less.
Hedge funds have posted returns in the low single digits this year, compared to the better-than-6% return of the Standard & Poor’s 500 Index. Last year, hedge funds barely hit double-digits while the S&P500 soared more than 30%.
The 150 managers, who run $380 billion in assets, told Preqin that they see a correction coming, with stocks at record-high valuations.
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…