Another bad year for stockpickers? Goldman Sachs thinks so

April 14, 2015 4:07 PM

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NEW YORK, April 14 (Reuters) - Signs that stocks in the benchmark Standard and Poor's 500 index are still moving in unison will make 2015 a particularly challenging year for hedge funds and mutual fund managers, according to a Goldman Sachs research note.

Record-low dispersion, a measure of how often stocks in the index rise or fall in lockstep, has narrowed the potential gains from picking individual shares over the market as a whole, David Kostin, chief U.S. equity strategist at Goldman Sachs, said in the report on Sunday. Should that trend continu...

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