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Alternative Market Briefing

Opalesque Roundup: How larger funds of hedge funds made a come back in 2020: hedge fund news, week 15

Monday, April 19, 2021

In the week ending April 16th 2021, new data from Citco revealed that 2020 was a surprisingly good year for fund of hedge funds. Fund of hedge funds delivered an average return for the year of 11.2% with the median return at 9.9%. The year was especially good for larger funds. All funds above $500 million in assets registered a positive year and the average return of funds over $1bn was 11%.

Meanwhile, the hedge fund industry continued its positive run in March returning 1.23% for a fifth consecutive month in the black, according to the Barclay Hedge Fund Index compiled by BarclayHedge. By comparison the S&P 500 Total Return Index gained 4.38% during the month. For the year to date, the hedge fund industry was up 4.93% through the end of March. The S&P 500 Total Return Index returned 6.17% over the same period.

The Eurekahedge Hedge Fund Index was up 0.95% in March 2021, supported by the robust performance of the global equity market as represented by the MSCI ACWI (Local) which gained 3.24% over the same period. Long-dated US treasuries continued to sell off, resulting in the yield of the 10-year treasury note......................

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