Pensions & Investments – Hedge fund managers are having a hard time making a buck this year, especially one that hasn’t been fueled by a whole lot of market beta.
“It’s been all about beta this year,” said hedge fund consultant Howard B. Eisen. “Hedge fund managers have been net long equities all year and in May, the market clocked them, but in September they rode the wave,” said Mr. Eisen, managing director, FletcherBennett Capital LLC, New York.
