Do Top Hedge Funds Positions Outperform Market?

Do the top hedge funds professionals outperform the market?  A new index proves their top positions do… thus far.

Direxion is launching the iBillionaire Index ETF

Direxion is launching the iBillionaire Index ETF, which tracks 30 stocks in which the wealthiest professional investors have invested.

Since its founding 15 months ago, the iBillionaire index is up 15.3 percent compared to the S&P 500, which is up 11.43 percent over a comparable period.

To develop their portfolio of 30 stocks, the iBillionaire index selects the top 30 long only positions based on the weighting of the world’s best investors based...