Hedge funds may be willing to party like it’s 1999 or at the very least 1998, according to hedge fund performance tracking by industry-wide financial service providers.
One such provider, PivotalPath, said it found that its hedge fund composite index added 0.1% last month as the S&P 500 index fell by 4.6%. The firm said its composite’s outperformance ranks in the top 10% of monthly relative performance since January 1998. For the year, the PivotalPath composite produced 8.2% in alpha relative to the S&P 500.
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