This translation has been automatically generated and has not been verified for accuracy.This week’s stock market plunge on coronavirus worries has given hedge fund managers a rare opportunity to brag that they are performing better than traditional stock market funds during a time of market stress.
“Overall we’ve been pleased with how funds have performed so far,” said Darren Wolf, who leads alternative strategies for Aberdeen Standard Investments.The firm’s stable of around 150 managers was performing well against the market volatility, he said, while cautioning that the situation was “very fluid.”
It was a welcome development for hedge funds, which over the past decade have suffered reputational damage, prominent closures and asset outflows over poor performance and high fees. Enviable returns of low-cost index funds and brokerages moving to zero-commission structures have only underlined the pain.
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