For the most parts, hedge funds and mutual funds agreed with each other during the first quarter, although there were some key areas of disagreement, including the Magnificent Seven.
In a recent “U.S. Weekly Kickstart” report, Goldman Sachs reported that both mutual funds and hedge funds are in the green year to date despite the market turbulence. Half of large-cap mutual funds are outperforming their benchmarks thus far, versus only 29% in 2024 and the long-term average of 37%.
Read hedge fund letters here
Large-cap growth outperforms value
Large-cap growth mutual funds are doing the best, with 65% outperforming their benchmarks, while just 40% of large-cap value stocks are outperforming, versus their historical average of 46%.
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