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Goldman Says Hedge Funds Are Staging a Comeback

  • Trade deal optimism boosts bets with average fund up 10% YTD
  • Health-care overweight shows ‘little fear of policy risk’
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, Aug. 5, 2019. 
Photographer: Michael Nagle/Bloomberg

Hedge funds are ending the year on a high note as their top picks outperform, according to Goldman Sachs Group Inc.

“Hedge fund favorites have rallied sharply so far” in the fourth quarter after struggling in the prior period, strategists including Ben Snider and David Kostin wrote in a note Monday.