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BofA Merrill Lynch analysis shows hedge funds are underperforming

Tuesday, October 02, 2012
Opalesque Industry Update - Bank of America Merrill Lynch's latest market analysis finds that hedge funds are underperforming by 10.9% year-to-date. "We estimate that the global diversified hedge fund index was up 3.04% year-to-date as of September 26, underperforming the S&P 500’s 13.97%" the firm writes.

Based on investable hedge fund indices, Convertible Arbitrage and Event Driven were the best performers, up 5.58% and 4.99%, respectively; Market Neutral performed the worst and were down 5.31%.

Press release

bc

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