06.12.2012 - Alternative returns not so hot
When you analyse the performance of hedge or alternative investment strategy funds, says senior Morningstar analyst Julian Robertson, they have generally been disappointing. While some managed futures funds had a purple patch in 2008, with strongly positive performances during the post-financial crisis falling market, and a reasonable 2011, they have struggled for most of the past five years. Robertson says managed futures, represented in the Morningstar study by promoters Winton and Aspect, have suffered thanks to computer-driven strategies not coping with the choppy markets of the past year, which are likely to continue for the next year. So they have posted negative returns, something that hedge funds with their unrestricted strategies claim to be able to avoid...............................................Full Article: Source
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