Tracking Fund Performance is Tricky

For mutual fund investors, “persistence is all that matters,” according to a recent article in Barron’s, but decoding performance track records can be a challenge. “Active managers can beat the market,” the article says, “but whether they do so by skill or luck is harder to determine.” The article cites results from S&P’s biannual persistence study, a survey which examines whether funds that have beat their benchmarks or peer groups are likely to continue their… Read More

Hedge Fund Manager Calls Have Less Pull

A recent Bloomberg article takes a look at the influence on share prices caused by the comments of hedge fund “stars” at the industry’s three biggest annual events: Robin Hood, the Sohn Investment Conference in New York and the SkyBridge Alternatives Conference (SALT). “While the managers’ pronouncements consistently moved shares of the companies they targeted,” the article says, “their influence has been on the decline.” It outlines findings as illustrated by movement of stock price… Read More