‘Long-Short’ Funds Missed Their Moment

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‘Long-Short’ Funds Missed Their Moment
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The stock market’s selloff and rebound occurred very rapidly in the first half. That was a challenge for long-short fund managers.

The stock-market volatility in the first half of 2020 should have been a near-perfect period for “long-short” mutual funds and exchange-traded funds to make a killing. Unfortunately, less than one in three such funds made money for investors during this tumultuous period.

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