Hedge Fund Net Short Exposure Drops To Lowest On Record
We have frequently written about the underwhelming performance of hedge funds over the last several years and continue to be perplexed by the seemingly misinformed decisions of the largest pensions and endowments to pay ridiculous fees for consistently lackluster performance (for example, see “Why Hedge Funds Remain The Worst Performing Asset Class Of 2016“). As Bloomberg recently noted, long-short funds tracked by Credit Suisse returned negative 4.3% […]