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Hedge funds betting on stocks are having their best year since 2009 (but they’re still getting smoked by the market)

(Business Insider) The performance of stock hedge funds this year isn’t exactly providing a ringing endorsement for the industry. The average fund is up 7% in 2017, the best seven-month start to a year since 2009, when the market hit its post-financial crisis bottom and embarked upon the ongoing bull market, according to Goldman Sachs. And while that return looks good on paper, it’s still trailing the benchmark S&P 500, which has climbed 12% over the period.

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