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Hedge Fund
Performance Cycles Not Well Understood
January 2019
January 14, 2019
Performance Cycles Not Well Understood
By Robert Zuccaro, CFA
Performance cycles for most stock funds are more prolonged and swing to far greater extremes than most investors realize. The performance cycle for any fund is usually more reflective of the fund style than the fund itself. Many investors equate poor fund performance to a poorly managed fund. Most of the time this observation is far from the truth. Poor performance is usually a matter of an investment style that has gone