Hedge funds have been one of the big winners of 2020. Funds and their managers have faced criticism over the past decade for failing to match the broader market's performance, despite their higher fees and the advantages they claimed to have over other market participants.
Q3 2020 hedge fund letters, conferences and more
However, over the past 12 months, hedge funds have thrived as market volatility has presented opportunities.
Hedge funds thrive with volatility
According to data from HSBC's Alternative Investment Group's Hedge Weekly update, Inflection Point Capital achieved the best performance of all hedge funds tracked, returning 71.6% for the year to the end of November. In comparison, year-to-date, the S&P 500 has returned just 12%.
Inflection Point's performance is impressive,...
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