Hedge Funds Need “Christmas Miracle”

All hedge fund managers want for Christmas is a return equal to the S&P 500, according to this FINalternatives item:

[H}edge funds will need a Christmas miracle to reach double-digits this year, as the [Hedge Fund Research] HFRX Global index sits at 7.56% year-to-date. The broad-market S&P500, on the other hand, is up 12.2% YTD.

On the bright side, only one of the eight strategies tracked by HFR was in the red last month: equity-market neutral, which dipped 0.53% and has returned only 3.82% YTD.