December 22, 2006
Hedge Funds Not As Strong As Equity Markets: Report
Data compiled by the Hennessee Hedge Fund Index shows that consistency in the equity markets has led stocks to outperform hedge funds through the first 50 weeks of 2006. Hedge funds have gained 10.06% thus far in 2006, compared to 14.2% for the S&P 500 Index. Banknet360.com reports:
Poor performance in May left hedge funds in the dust of stocks. The S&P is poised to have only one negative month in 2006 for the first time since 1995, according to Charles Gradante, a managing principal of the Hennessee Group LLC.
Read more: Hedge Fund Performance Trails Equity Markets
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