New York (HedgeCo.net) – There was good economic news in August, specifically housing and manufacturing data, according to hedge fund research specialist Hennessee Group.<\/p>\n
“Government spending continues to drive demand, while the private sector has been largely absent. This dynamic is not sustainable,\u201d commented Charles Gradante, Co-Founder of Hennessee Group. \u201cIn addition, equity markets are no longer undervalued. With September being one of the worst months historically, we are cautious of a pull back in the markets.\u201d<\/p>\n
The Hennessee Hedge Fund Index advanced +1.85% in August (+17.30% YTD), while the S&P 500 increased +3.36% (+12.99% YTD), the Dow Jones Industrial Average increased +3.54% (+8.20% YTD), and the NASDAQ Composite Index advanced +1.54% (+27.40% YTD). The Barclays Aggregate Bond Index advanced +1.04% (+4.62% YTD).<\/p>\n
\u201cHedge funds continued to lag the surging equity markets, as we would expect given their short portfolios and hedges,\u201d said Lee Hennessee, Managing Principal of Hennessee Group. \u201cManagers have opened up their exposures to benefit from the market rally. However, given the uncertainty around the economy, most managers are looking to generate gains due to stock selection, rather than beta exposure as there is potential for a correction.\u201d<\/p>\n
Editing by Alex Akesson New York (HedgeCo.net) – There was good economic news in August, specifically housing and manufacturing data, according to hedge fund research specialist Hennessee Group. “Government spending continues to drive demand, while the private sector has been largely absent. This dynamic […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[8207,5117,15803,11708,73,10035],"class_list":["post-11779","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news","tag-funds-hedge","tag-government-spending","tag-group-managers","tag-hedge-funds","tag-hedge-fund-index","tag-hennessee-hedge-fund"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11779","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=11779"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11779\/revisions"}],"predecessor-version":[{"id":11781,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11779\/revisions\/11781"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=11779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=11779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=11779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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