Mutual fund performance makes hedge funds look good!

Mutual fund performance makes hedge funds look good

Only 16% of large-cap mutual funds are beating their benchmarks year-to-date, according to Goldman Sachs’ Mutual Fundamentals Portfolio Strategy Research report published at the end of last week.

Mutual Fundamentals analyzes positioning of 435 mutual funds with $1.5 trillion of assets under management.

The report, which looks at trends, developments and the performance of funds across the mutual fund industry the current percentage of funds beating their benchmark is less than half the 10-year average of 37%. Large-cap growth funds have posted the weakest relative performance with only 9% of funds outperforming the Russell 1000 Growth index versus the 10-year average of 39%. For large-cap value, 17% of funds beat the Russell 1000...