A warning about the performance gap between value and momentum

Schonfeld Strategic Partners Fund was up 14.34% for 2019, while Schonfeld Fundamental Equity Fund was up 15.54%. For comparison, the HFRI EH Multi-Strategy Index was up 13.62%, while the HFRI EH Equity Market Neutral Index was up 2.35%. Risk-on in 2019 In their 2019 annual letter to investors, which was reviewed by ValueWalk, the Schonfeld team noted that last year brought a widespread risk-on theme across most asset classes. They said large-cap U.S. equities saw their best year of the decade as the S&P 500 gained a little over 31% for the year. The next closest year was 2013, when…