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Alternative Market Briefing

Hedge funds post the best return in a decade in 2019

Thursday, January 09, 2020

Laxman Pai, Opalesque Asia:

The $3.24 trillion hedge fund industry produced its best one-year performance in a decade, said Hedge Fund Research.

The HFRI Fund Weighted Composite (FWC) index returned 10.4% in the 12 months ended Dec. 31, the highest since 2009 when the index returned 20%.

FWC gained +1.8 percent for December. The December gain increased the Index Value of the HFRI FWC to a new record value of 14,780; the HFRI FWC began 2009 with an Index Value of 8,291.

HFRI 500 Fund Weighted Composite Index up +1.4% in December

The HFRI 500 Fund Weighted Composite Index, an investible index of 500 leading hedge funds, advanced +1.4 percent in December, while the HFRI-I Liquid Alternative UCITS Index advanced +0.93 percent, led by a +1.5 percent return in the HFRI-I Liquid Alternative UCITS Equity Hedge Index for the month.

Reflecting the broad-based surge across multiple asset classes in 2019, Risk Parity exposures posted record performance for the year.

The HFR Risk Parity Vol 15 Index gained +30.6 percent for 2019, topping strong gains for the DJIA and other global equity indices.

Bank Systematic Risk Premia strategies, which benefit from strong risk-on sentiment, also posted strong gains for the year, led by the HFR Bank Systematic Risk Premia Multi-Asset Index, which surged +43.6 percent in 2019.

HFRI Equity Hedge (Total) Index gains +13.9% in 2019

Hedge fund performance in December and throughout 2019 was led by Equity Hed......................

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