Investment News – A pair of funds that track hedge fund filings are turning out to be much better at producing alpha than the real McCoys, but questions remain about how they will do if stocks head south.
The $117 million Global X Top Holdings ETF (GURU) and the $74.8 million 13D Activist Fund (DDDAX) were both up more than 23% year-to-date through Aug. 21, crushing the S&P 500’s 16% return over the same time period.
