|
| | | | | | | | | | Hedge Fund Performance This Year Is Just Sad The analysts at Goldman Sachs have just published their latest Hedge Fund Trend Monitor report, which tracks the equity investments of the world's hedge funds.
One thing is clear: hedge funds are struggling to keep up with the market.
"The typical hedge fund generated a YTD return of 5% through May 10, compared with 15% gains for both the S&P 500 and the average large-cap core mutual fund," wrote Goldman Sachs Amanda Schneider. "Hedge funds returned an average of 3.5% in 1Q 2013, lagging the S&P 500 by 700 bp. Last year the average fund returned 8% vs. 16% for the S&P 500."
We recognize that not all hedge funds are out their to beat these benchmarks. Furthermore, five months is certainly too short a period of time to judge performance.
Nevertheless, this only supports the argument that most investors are much better off sitting in a boring, low-cost index fund.
Read » | | | | | | | | | | Also On Money Game Today: | | | | | | | | Advertisement | | | | | | | | | The email address for your subscription is: dwyld.kwu.jobhuntportal11@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy | | | | | |
|
If you believe this has been sent to you in error, please safely unsubscribe.