H1 2016 Was Worst First Half Performance For Active Fund Managers On Record

After noting earlier today that long short hedge funds have had negative alpha for five months in a row is more good news (if you are an active fund sadist). The first half of 2016 was the worst first half performance for active fund managers on record. According to Bank of America’s data, which goes back to 2003 large cap, active fund managers chalked up the worst first half performance against the Russell 1000 during H1 2016 than at any other point in the past 13 years.

Also see top hedge fund letters to investors

The worst first half performance for active fund managers on record

Just 18% of large-cap funds outperformed the Russell 1000 during the first half of the...