Hedge Funds Finally Do Their Job Amid Chaos of Stock Tumble
- After years trailing markets, some funds profit on global rout
- ‘This is an incredible time to start picking good valuations’
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At long last, beleaguered hedge fund managers may be having their moment.
After a decade of mostly mediocre returns -- at least compared with the red-hot stock market -- hedge funds this month appear to have survived the worst drubbing for equities since the financial crisis. Some even made money.