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Big hedge funds make gains, most slump in 2018 returns

Hedge fund investors are scratching their heads as 2018 returns file in. Big-name funds such as Ray Dalio’s Bridgewater and Ken Griffin’s Citadel notched impressive returns for the year even though the broader industry fell 4 percent, according to data released by Hedge Fund Research Tuesday. The industry’s weak return just managed to beat out the poor showing of stocks last year, in which the S&P 500 fell 4.4 percent thanks to a particularly volatile December. It’s the first time hedgies beat the broader market since the financial crisis, with HFR President Ken Heinz calling December’s relative outperformance an “industry milestone.” Despite the overall industry losses there were hedgie gains that likely would have del ...
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