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Hedge Funds Outperformed the S&P 500 in the First Quarter. Here’s Why.
Hedge funds may have been bullishly positioned as the first coronavirus cases were reported in January, but they quickly lowered their exposure to risk in February, data from Jefferies shows. As of January 31, hedge funds’ net long exposure was 205% but it quickly fell to 182% in February, just below the long-term average of 185%. The hedge fund industry was down 9.4% in the first quarter—negative, to be sure, but far better than the 20% drop in the S&P 500, according to HFR data.
https://finance.yahoo.com/m/e775199...0/hedge-funds-outperformed-the.html?.tsrc=rss
Hedge funds may have been bullishly positioned as the first coronavirus cases were reported in January, but they quickly lowered their exposure to risk in February, data from Jefferies shows. As of January 31, hedge funds’ net long exposure was 205% but it quickly fell to 182% in February, just below the long-term average of 185%. The hedge fund industry was down 9.4% in the first quarter—negative, to be sure, but far better than the 20% drop in the S&P 500, according to HFR data.
https://finance.yahoo.com/m/e775199...0/hedge-funds-outperformed-the.html?.tsrc=rss
