ValueWalk – J.P. Morgan’s Prime Brokerage business indicated that hedge fund managers delivered a better performance in 2013 compared with the previous year in its 2014 Investor Sentiment Report released on March 28, a copy of which was reviewed by ValueWalk.
The report also noted that the hedge fund industry underwent investor scrutiny because its performance is still lower than the results of developed equity markets. Last year, The S&P 500 and the Nikkei climbed 32% and 59%, respectively while the HFRI Fund Weighted Composite rose 9%. According to the report, hedge fund managers understood that investors do not only compare their performances with their peers in the industry, but also to equity indices.
