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Tilson: The 2 reasons why Hedge funds missed out

The S&P is up over 6% in the first quarter of the year, but the masters of the universe aren't all faring as well. Value investor and hedge fund manager Whitney Tilson's fund, Kase Capital, was down 4% for the first three months of 2017. Why the discrepancy? Yahoo Finance reporter Julia La Roche joins us to discuss.