| 23.10.2014 Other Voices: Hedge funds and position crowding |
| This article was authored by Andrew Beer, founder of Beachhead Capital Management LLC in New York. As of mid-month October, 2014, the S&P 500 was down over 5% and the MSCI World was down 6%. In this context, drawdowns among hedge funds have been unexpectedly large. Before fees, the HFRX Global Investable index was down over 4%, while the Equity Long/Short and Event-Driven sectors were down 5 |