Even though October was the best month of the year for Hedge Funds, they continue to lag behind the overall market. The HFRI Fund Index that tracks over 2000 funds gained 2.4% in October. This may sound like a solid return, but the S&P 500 was up 10.9%. A major lag for managers.
The small gain was a reprieve after a 6.5% decline in the 3rd quarter, the fourth worst in history.
So if you think it has been easy for the "big hedge fund managers", think again. This market has been difficult for everyone involved.
Market expert and TV personality Matt McCall blogs about what is really moving the markets. He will emphasize Exchange-Traded Funds (ETFs) and individual stocks throughout the trading day.
No comments:
Post a Comment