(CNBC) A simple but elusive strategy has been beating the market this year: Just own what the hedge funds don’t.Stocks with the lowest concentration in hedge fund portfolios as measured by equity capitalization have crushed the S&P 500 this year, according to a Goldman Sachs analysis. The “low-concentration” basket has turned in a basically flat performance that while unspectacular far outdistances the market index, which is down 6 percent year to date.
The Surprising Hedge Fund Strategy That’s Beating The Market
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