Aug
21
Some of Hedge Funds’ Favorite Stocks Are Finally Starting to Beat the Market
ByPersistence is paying off.
Hedge fund long bets have snapped a streak of underperformance versus the wider index over the past few weeks, according to Goldman Sachs Group Inc., which issues a regular check-up of the industry.
“During the last six weeks our Hedge Fund VIP basket of popular long positions has led the S&P 500 by 470 basis points, ending the basket’s record 1500 bps stretch of underperformance since August 2015,” the team led by Ben Snider said in the note, which was based on an analysis of more than 800 funds with $1.8 trillion in gross equity positions…
