Hedge Fund Managers’ Best Ideas Not Better Than Others

A new study of the stock-picking results of nearly 1,500 hedge funds over a 20-year period found that managers’ highest-conviction ideas are not necessarily better than any others. This according to a recent article in Bloomberg. The article cites comments from researchers at NYU and Epsilon Asset Management who found: “The focus on hedge fund stock picks at idea conferences and events is misguided and possibly counterproductive. Our analysis points to no systematic outperformance of… Read More