This post First appeared on FloatingPath
Everyday we’re seeing more and more media coverage of how hedge funds provide little if any greater returns than a basic market index. The strongest argument anyway, is not that hedge funds are not savvy investors, but that they cannot deliver returns that outweigh their heavy fees.
Generation of alpha may be getting smaller and smaller though still, as @EquityNYC points out that the correlation between hedge funds in the aggregate and the S&P 500 is approaching 1.0. This suggests that whatever hedge there once may have been is no more.
Blue Mountain Credit Fund still in the red YTD; here are their biggest holdings
Blue Mountain Credit Alternatives Fund was up 0.36% for November, although the fund remains well into the red for the year. For the first 11 months, the fund was down 24.85% gross. Q3 2020 hedge fund letters, conferences and more Blue Mountain's fundamental credit strategy was up 0.63% for November, including a 1.09% gain for Read More