Hedge funds have seriously underperformed this year. The reason: under allocation in the FAANG.
Without this exposure, Bloomberg estimates the return of the S&P 500 drops to 1.8% from 3%.
Hedge funds have seriously underperformed this year. The reason: under allocation in the FAANG.
Without this exposure, Bloomberg estimates the return of the S&P 500 drops to 1.8% from 3%.
Had to look up FAANG: Facebook, Apple, Amazon, Netflix and Google :-)
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