On the ten year anniversary of the 2008 global financial crisis, hedge funds are celebrating an unwanted benchmark. Up just 0.40% on the year, according to Eurkeahedge data, 2018 marks the worst hedge fund performance in a decade, on in which hedge funds underperformed the stock market every year. Within the relative mundane performance, however, there are sectors that surprise on both the upside and downside, HSBC’s Hedge Weekly report highlights. Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy.