(Insider Monkey) It isn’t a secret that the markets are more efficient when it comes to pricing mega-cap stocks. Hundreds of analysts already look into these stocks, so there isn’t much to uncover that can yield significantly higher abnormal returns. Hedge funds know this but they are managing too much money, so they have no other option (other than returning money back to their clients and giving up lucrative fees) but to invest in these mega-cap stocks. This isn’t the case when it comes to small-cap stocks….
Small-Cap Hedge Fund Strategy Back Test Results
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