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Alternative Market Briefing

Opalesque Roundup: Macro hedge funds extend 2022 gain to +4.75%: hedge fund news, week 10

Monday, March 21, 2022

In the week ending March 11th 2022, HFR revealed that macro hedge funds led industry-wide gains in February, extending the strong start to 2022 by again posting negatively-correlated gains as financial market volatility surged across equity, fixed income, commodity, and currency markets as Russia invaded Ukraine. The HFRI 500 Macro Index surged +2.9 percent in February, extending the 2022 gain to +4.75 percent, with strong contributions from Commodity, Fundamental Discretionary and Quantitative, trend-following strategies.

Meanwhile, with almost $27 billion in combined earnings, 2021 was another highly lucrative year for the hedge fund elite. Jim Simons is back on top. For the fifth time in seven years, the 83-year-old founder of quant specialist Renaissance Technologies leads Institutional Investor's Rich List, the definitive ranking of the highest-earning hedge fund managers. Simons retook the throne after earning $3.4 billion in 2021, supplanting last year's leader, Israel "Izzy" Englander.

In performance news, after record gains in January, Said Haidar's fund soared again in February. His Haidar Jupiter macro fund rose by 25.7% last month as Russia's invasion of Ukraine triggered large market swings, people familiar with the information said; Brevan Howard Asset Management enjoyed a stellar start to February. By t......................

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