Hedge Fund News From HedgeCo.Net


Bank stocks’ rally boosts some hedge-fund managers

MarketWatch – A rally last month in bank stocks such as Bank of America Corp. boosted returns of some hedge funds, including funds run by Paulson & Co.

Managers focused on financial-services stocks returned 4.29% on average in August, according to industry consultant Hennessee Group LLC. That was the best performance of any strategy last month. These types of hedge funds are now up 22.77%, on average, so far this year, the fifth-best strategy, Hennessee’s data show.

Read Complete Article

Related Posts Plugin for WordPress, Blogger...
This entry was posted in Syndicated and tagged , , . Bookmark the permalink.

Leave a Reply