Hedge Funds Face Fresh Hell As Goldman Fears Complacent Credit Markets

Hedge fund returns in the aggregate are unlikely to see much further upside while credit spreads remain so low, according to Bloomberg strategist Simon White.

Hedge funds overall are not having a great year.

Bloomberg’s All Hedge index of fund strategies of all types is up only 4.1% to the end of June versus 5% for the S&P 500 Index.