April 11, 2016

Smart Money Insights: Weekly Brief Apr 11

The start of the second quarter saw equity markets decline – continuing a pattern, the S&P fared better than pretty much any other index.  The whipsaws in the market this year are taking a big toll on active investors.  In March, the average large cap fund underperformed the S&P by almost 800 basis points on an annualized basis – a record going back to 1998 – and less than 20% outperformed the index – also a record low.  In some areas, like growth funds, the numbers were far worse.  Hedge funds continue to have problems with crowded trades, and technical …

Continue Reading