(Bloomberg) U.S. stocks are vaulting back to all-time highs. But the smart money isn’t celebrating. Instead, they’re nursing pain. Hedge funds have seen returns dwindling even as the S&P 500 Index marches forward in what has become, by some measures, the longest bull market ever. An index tracking the performance of funds focusing on equities has fallen in five of the past six weeks, wiping out gains for the year, according to Hedge Fund Research data compiled by Bloomberg.
Hedge Funds in Pain Watch Record S&P 500 Rally They’ve Missed
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