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Morgan Stanley PB: Hedge Funds Hit In November On Leveraged Short Positions Ahead Of Elections

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Mark Melin
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Hedge funds got some bad news early today as BAML pointed out that BTD no longer works - but it just got worse as another big bank has issued a note on a different issue hurting fund performance.

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Q3 2016 Hedge Fund Letters

With hedge fund closures set to hit their highest level since 2008, with many of the shutterings being blamed on underperformance combined with high fees, the chronic underperformance that occurred once again in November is a troubling trend extension.

With the S&P 500 up 3.42% in November, US hedge funds generally underperformed, a Morgan Stanley Prime Brokerage report shows. The average performance for all US...

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.