With November in the books, a month in which the S&P rose 2.85%, and a centrally-planned 27% year to date, it is time to check how the most prominent US hedge funds are doing heading into the home stretch. As usual – it is not pretty. And yes, while hedge funds don’t benchmark to the S&P, after 5 years of underperformance, their LPs sure start asking themselves why do they pay 2 and 20 at a time when one can buy the SPY for free and thanks to CIO Bernanke, outperform 98% of all hedge funds?
Best and Worst Hedge funds of 2013:
The complete latest HSBC presentation:
via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/S3hkWKxTkqA/story01.htm Tyler Durden