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Alternative Market Briefing

Opalesque Roundup: Macro hedge funds up +10% in Q1: hedge fund news, week 13

Monday, April 11, 2022

In the week ending April 8th 2022, Macro hedge funds surged to lead industry-wide gains in March, completing a record 1Q by again posting sharp returns as financial market volatility was exacerbated by skyrocketing inflation, rising interest rates and expectations for continued increases, and escalation of the Russian military conflict in Ukraine. The investable HFRI 500 Macro Index surged +6.25 percent in March, extending its 1Q 2022 return to +10.0 percent, with strong contributions from Commodity, Fundamental Discretionary, and Quantitative, trend-following strategies. The investable HFRI 500 Fund Weighted Composite Index advanced +2.4 percent for the month, extending its 1Q22 return to +0.85 percent, topping the decline of the Nasdaq by nearly 1000 basis points.

In performance news, Eckhardt Trading Company (ETC)'s Sentiment Alpha, launched in October 2021, finished March up +17.4% after another month of continued volatility across global markets due to the challenges of Covid, inflation, and the tragic situation in Ukraine - the system is now up +35.5% YTD and assumes a 15.0% annualised volatility; Broad Reach Investment Management, the London-based emerging markets macro manager, has continued its ......................

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