Hedge Funds Trail Stocks by the Widest Margin Since 2005

Weasel word excuse – “It has been difficult for hedge funds on the short side,” said Nick Markola, head of research at Fieldpoint Private, a $3.5 billion Greenwich, Connecticut-based private bank and wealth-advisory firm. “Funds were defensively positioned. Central bank action did bode well for equities and made for a more challenging environment for hedge funds.” Drunkenmiller…

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