| 16.10.2012 Hedge funds remain highly correlated to the S&P 500 |
| Bailey McCann, Opalesque New York: Hedge funds remain highly correlated to the S&P 500, according to a new report from Bank of America Merrill Lynch Global Research. Data shows that while correlation to the S&P 500 has dropped from historic highs of 97%, overall correlation remains elevated at 82%, suggesting that too many hedge funds are going after too few returns. The drop in correlation come |