(Nasdaq) Long/short equity hedge funds entered the third quarter coming off a very strong first half of the year. The average fund returned 9.3% in the first half of 2019 (HFRI Equity Hedge (Total) Index) and, at Cross Shore, we observed significant alpha generation on both the long and the short sides of the portfolio for the managers we allocate to. However, there were several potential headwinds on the minds of managers as we entered the second half of the year.
Third Quarter 2019 Review of the Long/Short Equity Hedge Fund Space
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