Global hedge funds were down 0.7% in September, according to Goldman Sachs’ Hedge Fund Performance and Positioning report for the month. Asset-weighted results were about 60 basis points worse than the simple average, which the firm said suggests large firms underperformed their smaller counterparts. That marks a reversal of the trend observed in July and August. Q3 2019 hedge fund letters, conferences and more Concentrated positions hurt long/ short equity Long/ short equity funds were down 0.9% for September despite the fact that the world’s equity markets rallied during the month. Goldman Sachs said both long and short concentrated positions…
Goldman: September wasn’t a great month for large hedge funds
Michelle deBoer-Jones
Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.