Hedge Funds Off To Rocky September Start As Alpha Still Tough To Find: Morgan Stanley PBMark Melin
With the S&P 500 up close to 10% year to date, hedge fund managers are having a difficult time finding alpha, a report from Morgan Stanley points out. Hedge funds in the Americas lagged general stock market benchmarks on a yearly basis, up just 3.16% basis the end of August. US fund managers were slightly positive in August whole Asian and European fund managers were negative -- and September is not off to a positive start for many funds.
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