(Bloomberg) Investors are finally warming up to an equity strategy that’s been lagging for the last six years.Long-short hedge funds, which place bullish and bearish wagers on individual stocks, are on track to top the Standard & Poor’s 500 Index for the first time since the 2008 financial crisis, according to an index by Credit Suisse Group AG. While the S&P 500 has struggled to hang onto its gains all year, long-short fund managers were able to differentiate by wagering on winning industry groups within technology, according to Mark Connors, Credit Suisse’s global head of risk advisory.
Hedge Fund Woes Can’t Diminish Banner Year for Long-Short Trades
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