Is this year a rebound for the industry, or yet another example of expensive underperformance?
Six months before Jekyll & Hyde: The Musical is revived on Broadway, the hedge fund industry is turning in its own two-faced performance.
As the recent Absolute Return quarter-end performance wrap pointed out, this year can fairly be called a bounce-back for the industry. Managers are profiting who only twelve months ago helped the industry produce its second losing year in 14.
Some 79% of funds in the Americas were positive in the third quarter, a better showing than that of funds in Europe and Asia. Even some surprising early year laggards like Bridgewater