Long Only Hedge Funds Lead, Long/Short Lag In Q1

Long only hedge funds can finally celebrate a bit (at least a bit)... As we look at the returns for the first quarter of the year from Long/Short equity hedge funds, we have yet to see a fund that has not detracted in its short portfolio. Despite of the underperformance on the short side, all of them have managed to churn out sizeable returns overall in the last quarter.

Outperforming long only hedge funds Lead and lagging shorts is not an unusual thing with hedge funds (especially in a market which has gone up), but it became more pronounced in the last quarter with a strong...