Hedge funds sell themselves on the ability to be able to profit in both bull and bear markets. However, according to a recent research report from Societe Generale's Global Asset Allocation team, hedge fund performance was hit by this year's volatility spike.
The report noted that hedge funds tend to thrive under reasonable levels of volatility, but sudden spikes can hurt performance.
It pointed to data from hedge fund data provider Eurekahedge, which has found that up until the end of March, the assets under management of the overall (global) hedge fund industry fell by "just"...

