What A Difference A Year Doesn’t Make

In general, the markets seemed to be shaping up to be similar to what they looked like a year ago performance-wise. January was a month of strong returns, and now that we're into February, we're suddenly seeing a steep pullback. It remains to be seen whether the rest of the month will be as tumultuous as last February was.

Q4 hedge fund letters, conference, scoops etc

However, a bit of good news is that even though the market performance is looking a lot like it did last year, the setup is quite a bit different, according to one...