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Opalesque Roundup: Hedge fund returns the strongest for ten years but widely dispersed: hedge fund news, week 02

Monday, January 13, 2020

In the week ending January 11th 2020, a report by eVestment said that the global hedge fund industry returned +1.75% in December, bringing aggregate 2019 full-year returns to +9.74%. 2019 marked the industry's best aggregate returns since 2013, when the industry returned +12.58%.

According to Hedge Fund Research (HFR) numbers, the $3.24 trillion hedge fund industry produced its best one-year performance in a decade. 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%.

Fund performance though comes with the usual wide dispersion. Activist investor Bill Ackman, the billionaire CEO of hedge fund Pershing Square Capital, made a huge comeback in 2019. His publicly-traded hedge fund firm ended the year up 58.1%, massively outperforming the broader market and the average hedge fund; Dan Loeb's Third Point Offshore last year rebounded sharply from its double-digit loss in 2018: The hedge fund gained 17.1 percent in 2019 after finishing the year with a 2.2 percent gain in December; Chris Hohn's TCI Fund Management surged 40.6 percent last year, and D.E. Shaw & Co.'s flagship hedge fund extended its winning streak, gaining about 10.5% la......................

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