Goldman: Hedge Funds' Most Loved Stocks Are Struggling
Investing in companies on the VIP list hasn't paid off in recent months.
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While hedge funds have slightly outperformed the S&P 500 so far in the dire start to 2016, it turns out stocks with the lowest amount of ownership by the industry are performing better than the ones it loves.
According to the most recent "Hedge Fund Monitor" from David Kostin, chief U.S. equity strategist for Goldman Sachs Group Inc., which analyzes 860 hedge funds with $1.6 trillion is gross equity positions, the most popular stocks have continued to lag the market.