Hedge Funds Chase For Performance As The S&P 500 Approaches 2,600

By Michael Kramer of Mott Capital The S&P 500 continues to push higher, with the index now up nearly 12 percent so far in 2017. Data from Eurekehedge suggests that as a group hedge funds are underperforming the S&P 500 by as much as 9 percentage point. The lack of performance could help quietly push the S&P 500 another 4 percent higher on towards 2,600, while volatility remains at historically low levels. The chase for performance is likely to push some of the best performing stock in 2017 even higher. Many of the hedge funds will find themselves in the…