Yes hedge funds are notorious for liking volatility along with HFT algorithms, so steady bull markets maybe not so much. I realize people are bull/bears long/s

Yes hedge funds are notorious for liking volatility along with HFT algorithms, so steady bull markets maybe not so much. I realize people are bull/bears long/short call/put etc. However, hedge funds really should have made more than most in 2009/2010 unless leveraged and caught in the financial housing special products or overseas in EU rather than in other better performing diversifications. Hedge funds usually just like 'movement' or volatility to play off of. However a solid bull market is just as easy as a solid bear market to make money in especially for the leverage they have in volume/size of the funds.