Hedge Fund News From HedgeCo.Net

Hedge Funds Are Having Another Terrible Year

iStockAnalyst – Two reports released last week indicate that hedge funds in aggregate are performing very poorly so far in 2012, on the heels of 2011’s ‘year of horrors’ for the hedge fund industry.

The latest reading from Bank of America Merrill Lynch’s investible hedge fund composite index indicates that hedge funds are up just 1.85% so far in 2012, while the S&P 500 has rallied to gain nearly 12% over the same period. A separate tally from Goldman Sachs shows that the average hedge fund is up 4.6% so far in 2012 and that only 11% of the hedge funds it tracks have beaten an low cost S&P 500 index fund.

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