Stock Pickers Beat Hedge-Fund Titans
- Booming equity markets lifted average gains to four-year high
- Macro traders focused on emerging markets also fared well
The Outlook for Hedge Funds in 2018
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After years of mediocre returns, the hedge-fund industry is on the comeback trail.
Booming equity markets helped the industry achieve its highest returns in four years in 2017, led by stock pickers and macro traders focused on emerging markets. However, that masks the fact that some of the largest funds betting on economic trends in developed markets had another miserable year.