Hedge Funds Really Can Blame Fed for Wrecking Their Strategies
- Unconventional policy a ‘risk factor’ for six of 10 strategies
- Performance across whole industry suffers indirect impacts
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The next time you encounter a hedge fund manager blaming central bankers for their performance woes, resist the urge to roll your eyes: They just might have a point.
A new study delivers some of the strongest evidence yet directly connecting the malaise of the fast-money investor with monetary efforts to fend off economic disaster.