Goldman: Hedge Funds' Favorite Stocks Have Had a Terrible Few Months

The most popular positions trailed the S&P 500 by 720 basis points during the three months that ended with October.

Hedge fund stocks need a doctor.
Photograph by Brooks Kraft/Corbis

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Julie Verhage and Nishant Kumar

November 23, 2015 at 1:46 PM UTC

This article is for subscribers only.

Here's another entry in hedge funds' long list of woes this year.

Between August and October the stocks most beloved by hedge funds posted their worst relative returns outside of 2008, according to a new report from Goldman Sachs. In fact, the bank's "Hedge Fund VIP" list of hedgies' most popular long positions trailed the S&P 500 by 720 basis points during the three-month period, posting an 8 percent decline vs. the 1 percent drop in the broader index.