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Alternative Market Briefing

Opalesque Roundup: Hedge funds post mixed performance in December: hedge fund news, week 02

Monday, January 16, 2023

In the week ending January 13th 2023, a report by HFR revealed that hedge funds posted mixed performance in December to conclude the volatile 2022, though still outperformed accelerating declines in equity and fixed income markets as investors positioned for continued macroeconomic uncertainty in 2023 driven by generational inflation, rising interest rates and possible economic slowdown. Cryptocurrencies also remained highly uncertain following the 4Q collapse of the FTX exchange platform.

Meanwhile, some hedge funds that bet on macroeconomic trends boasted eye-popping double and even triple digit gains for 2022, investors said, while other prominent firms that were long on technology stocks got clobbered with deep losses in volatile markets.

Hedge fund clients profited most by investing in macro and multi-strategy hedge funds last year - and many of them are betting the same strategies will be winners again in 2023.

In performance news, Rokos Capital, run by Chris Rokos and one of a handful of so-called global macro firms, gained 51% last year. Brevan Howard Asset Management, the firm Rokos once worked for, posted a gain of 20.14% and Caxton Associates returned 16.73%, investors in the funds said this week, asking not to be identified; When Viking Global Investors posted a nearly 8 percent loss in its long-short fund, Viking Global Eq......................

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