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Laxman Pai, Opalesque Asia: At the end of Q3 2022, commodities trading advisors (CTAs) outperformed all top-level hedge fund strategies, emerging as the winning ticket in a stressed market, said a report.
According to 'Preqin Global Report 2023' during this period, of all fund types, CTA returns climbed +8.2% to September.
Hedge funds felt the pain but managed to absorb some of the shocks in the market. At the end of Q3 2022, Preqin's all-hedge-funds benchmark declined by -9.3%. Although losing money should never be celebrated, the fact that hedge funds protected investors greatly compared to public investment options should be noted.
"2022 was a challenging year as market participants experienced major pullbacks in their portfolios, and investors struggled to find a safe place to protect their capital. Inflation figures spiked in many countries, and the war in Ukraine and geopolitical tensions added to the volatility," the report said.
While CTAs performed exceptionally well - as mentioned above - Preqin data also shows that at the end of Q3 2022, macro strategy returns climbed by +4.5%, and relative value rose +0.2%, with generated numbers for investors that helped reduce the damage in many portfolios.
Meanwhile, at the end of Q3 2022, both multi-strategy and credit strategy returns had dropped -3.3% and -5.2%, respectively. Equity and event-driven strategies disappointed many with a respective return decline of -13.9% and - 8.7% b...................... To view our full article Click here
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