The Street – Hedge fund managers, known for risk taking in pursuit of investment gains, have spent more time protecting investors as stocks recorded the steepest declines in three years.
and institutions, have fallen 1% from the start of the year through Aug. 12, according to data collected by Goldman Sachs analysts. During the same period, the S&P 500 dropped 5% and the average large-cap “core” mutual fund declined 6%. Goldman Sachs’ Hedge Fund Trend Monitor dissects the regulatory filings of 700 hedge funds with $1.28 trillion in equities and exchange traded funds.
