Hedge funds are ending the year on a high note as their top picks outperform, according to Goldman Sachs Group, reported Bloomberg.
“Hedge fund favorites have rallied sharply so far” in the fourth quarter after struggling in the prior period, strategists including Ben Snider and David Kostin wrote in a note Monday.
Goldman’s list of most-popular hedge fund long positions has outperformed the S&P 500 by 200 basis points since the start of October.
The report analyzed 833 hedge funds with $2.1 trillion of gross equity positions and is based on 13-F filings as of Nov. 14.
