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James Saft: Contrarian Hedge Funds Earn Keep; Momentum Mutual Funds, Not So Much:

TedTed
in The Bullpen
FYI:
Two thirds of hedge funds create genuine value through contrarian strategies, choosing well among cheap and beaten-down stocks, according to a new study of their holdings.

In contrast, two thirds of mutual funds are playing the momentum game, buying what’s gone up and selling what seems to be going down. These mutual funds, in contrast to contrarian hedge funds, aren’t really earning their keep
Regards,
Ted
http://www.reuters.com/article/us-markets-saft-idUSKCN0VC2RT
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