Hedge Fund Letters to Tell of Favorite Trades Unraveling
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Pity the poor folks who have to write letters to investors on behalf of equity-focused hedge funds this month.
Various measures of performance indicate the alternative investment vehicles may have a lot of explaining to do in March. The Global X Guru Index ETF, which aims to mimic returns of the top hedge-fund stock holdings, has lost 2 percent this month for its worst performance versus the Standard & Poor’s 500 Index since it was created in 2012.