Hedge fund alpha trades shown to lose money

Presumptive skill of hedge fund managers may not be what it seems, new research shows

Thursday 25 September 2014 at 17:31

Investors have piled into hedge funds for years because they supposedly possess the holy grail of investing—the ability to make money through their own skillful trades, regardless of the direction of financial market moves.

But the presumptive skill of hedge fund managers may not be what it seems, new research shows.