Are bond hedge fund managers better than equity managers? That’s the question JP Morgan’s global asset allocation research team headed by Nikolaos Panigirtzoglou asks in their March 31 Flows & Liquidity research note. This question is actually an interesting topic of debate. Indeed, Panigirtzoglou and team note that there has been a large divergence in hedge fund styles over the past few years. Macro and equity focused long/short hedge funds have been largely responsible for the disappointing alpha generation of the hedge fund industry in previous years. In fact, equity long/short hedge funds have produced a negative alpha in each…
Are Bond Hedge Fund Managers Better Than Equity Managers?
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