The Goldman Sachs (GS, quote) Hedge Fund Report was released this morning providing readers a significant amount of hedge fund data including the fund’s top holding based on their 13F filings from the second quarter.
The report indicates that the largest stock holding remains American International Group (AIG, quote) even though exposure was less in the second quarter.
The full report can be read by clicking here.
A couple of key nuggets that jumped out are:
- From January through August 9th the average hedge fund returned an average of 4%. A quick look at the S&P 500 (SPY, quote) for the same period puts the index up over 20%.
- Less than 5% of the hedge funds outperformed the S&P 500 from January through August 9th.
- The report indicates that a large of number of the hedge funds are net short Emerging Market equities via ETFs.
The report is definitely worth reading through if not studying as we approach the end of the year the sure number funds that are finding themselves lagging behind the S&P 500 are likely to find themselves chasing performance which in turn those who can get in ahead of them can be pushed much higher.
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