Jun
07
Investors Still Loving Hedge Funds For Some Reason
ByPlease, turn this into $1.0255 billion!
As we’ve mentioned, in recent months, hedge funds have built up a small but—given their recent history—impressive lead in their annual battle against the S&P 500. Sure, the S&P picked up a whole bunch of ground in the world’s slowest race last month, adding 1.1% while hedgies rose just 0.26%, but the latter still lead by 2.55% to about 2%, so that’s something. Something enough to convince 51 new investorsto boost their hedge-fund portfolios to the $1 billion level…