A Brutal Year

As the markets are closed Monday for MLK Day, I will wait until tomorrow before posting the weekly summation.  Meanwhile, the Sunday bonus this week is this very instructive graphic on the trends in hedge funds in the past ten years.  Hedge funds are supposed to do worse in bull markets so it's interesting to note that in 7 of the last 10 years they haven't done that badly and that in all the downtime in 2018, they still did so poorly.  A more instructive graphic would be a comparison between hedge fund and traditional actively managed mutual fund performance.  My guess is that mutual funds fared just as badly.  25 below in the morning so stay warm. 


1-19-19 BigPic: 10 Weekend Reads - The Big Picture