Hedge Funds Dumped Apple and Amazon in Q3 as Value Stocks Make a Comeback

Things are looking up for long/ short equity hedge funds this year. Returns are tracking at a 14% year-to-date return, or about twice the typical annual return over the last 20 years. According to Goldman Sachs' latest "Hedge Fund Trend Monitor," both alpha and beta have contributed to returns.

Hedge Fund VIP basket nearly doubles broader equity market return

Meanwhile, the firm's basket of the most popular long positions is up 30% year to date Returns are tracking at a 14% year-to-date return, as the popular longs outperformed both the broader equity market and concentrated shorts in most sectors. The equal-weight S&P 500 has gained 16%...