In theory market neutral funds are expected to run zero-beta portfolios, but do they really?

In theory market neutral funds are expected to run zero-beta portfolios, but do they really? Looking at the performance of equity market neutral hedge fund indices over the last few years, it doesn’t appear so. So is it that market neutral managers are running dollar neutral indices (instead of beta neutral) or is it a …

In theory market neutral funds are expected to run zero-beta portfolios, but do they really? Read More ┬╗