Jul
15
Hedge Funds Are Having a Volatile 2018
ByHedge funds have lagged behind the S&P 500 for the first half of 2018 despite market swings
Hedge funds have long touted their ability to do better when things turn volatile. But they lagged behind the S&P 500 for the first half of 2018 despite market swings tied to trade policy tensions and interest rate increases.
A widely followed hedge-fund index maintained by data research company HFR dropped .46% in June, pulling down the industry’s gains for the first half of 2018. The index rose .81% in the first two quarters, which is lower than the 2.65% return on the S&P 500, including dividends, over the same…