These Three Hedge Fund Managers Returned The Most From Their Stock Picks In May

These Three Hedge Fund Managers Returned The Most From Their Stock Picks In May by Alpha Attribution

What happens when you pick a fantasy hedge fund team? In May, it was like bringing sabermetrics to the old-school scouts lamented by Billy Beane in Moneyball. You outperformed, and you made it look easy.

While the S&P 500 was up 105 basis points for the month, an equal weighted portfolio of the Symmetric Top Twenty managers returned 283 basis points. Some seventeen of the managers in the top twenty outperformed the SPY in May, with the top three performances coming in from Broadfin, Steadfast, and Scopia, according to their publicly disclosed long positions. On a fully hedged, market, beta and...