Goldman Sachs Notes Hedge Fund Difficulity

Hedge funds are essentially flat year to date and long short funds are posting negative -2% returns, the most recent Goldman Sachs hedge fund monitor noted, while the S&P 500 index is up nearly 2%. What is working best, however, is not the long / short funds, but Goldman’s basket of VIP long trades and VIP short trades, which is up 4% year to date mostly on the strength of the short position. Failure to capture April move higher The report noted that funds kept pace with the stock market through March, but then lowered exposure in April before the…