Hedge Funds Slash Their Exposure To Stocks At The Worst Possible Time

in markets •  8 months ago 

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%.

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Had to look up FAANG: Facebook, Apple, Amazon, Netflix and Google :-)

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