Study Identifies Best Hedge Fund Stock Pickers

Some of the best hedge fund stock pickers are those many investors may never have heard of before, how is that possible?

Hedge fund stock pickers: Separating alpha from beta

Separating hedge fund managers from their “alpha,” or individual skill at selecting appropriate investments, from “beta,” or the general performance of a market or stock sector, was the goal of a new study from Alpha Attribution.

“Lots of the big guys have been coasting on the relentless nature of the current bull market – not that there’s anything wrong with that,” Josh Brown wrote about the study. “The bill collectors don’t ask you whether or not alpha or beta were involved when you...