MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, September 26, 2011 Are Alt Mutual Funds 'Disappointing'? Although investors have shown their love for alternative mutual funds in recent years, one Morningstar analyst says these fund have missed the boat when it comes to rallies. The recent period of high volatility "is precisely the market environment when you would want these funds," according to Nadia Papagiannis, an analyst at investment researcher Morningstar. But she calls the funds' three- and five-year track records "disappointing." For example, from Jan. 1 to July 22—a period in which the S&P 500 jumped 8.1 percent—the average long-short fund gained just 1.25 percent. Jonathan Lamensdorf, PM of the Highland Long/Short Equity Fund[see profile], offers that long-short funds have performed as they should. This breed is "not designed to slaughter the S&P 500," he told the pub. Printed from: MFWire.com/story.asp?s=37885 Copyright 2011, InvestmentWires, Inc. All Rights Reserved |