Explanation:
The statement is reversed. Hedge funds generally lagged equities before 2009, and since 2009 the S&P 500 has generally outperformed hedge fund indices over long stretches. So hedge funds have not broadly outperformed the S&P 500 since 2009.
Ultimate access to all questions.
No comments yet.
Q-706.3. In regard to various hedge fund strategies, each of the following statements is generally true EXCEPT which statement is false?
A
Although prior to 2009, hedge fund returns lagged the S&P 500, since 2009, hedge funds have outperformed the S&P 500
B
A Distressed Securities hedge fund investor is more likely to earn an illiquidity risk premium than a typical Global Macro manager
C
A Merger Arbitrage (aka, risk arb) hedge fund investors should have a lower correlation to the broad equity markets than a typical Long/Short Equity manager
D
A Systematic Managed Futures hedge fund investor is more likely to employ technical analysis than an Emerging Markets manager