Michael Covel: News & Info.

If you lose 50% in a month you have a problem. Big problem. But what if you lose 2%? Or 5%? Or 10%? Or 20%? Well, those numbers are not so easy to pin down. Read this article. What does that tell you? Was it a tough month for many? Of course. But telling you that hedge funds on average experienced losses for one particular month tells you zilch. What are you supposed to do with the information if you don’t know that particular trader’s strategy to begin with?