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In the week ending January 20th 2023, the Barclay Hedge Fund Index compiled by BarclayHedge revealed that as recession fears continued to pull equity markets down in December, the hedge fund industry posted its own - if smaller - monthly loss, down -1.68% for the month. By comparison, the S&P 500 Total Return Index was off -5.76% for December. The hedge fund industry fared better than the S&P 500 Total Return Index for the year as well, losing -8.59% over the 12 months while the S&P 500 Total Return Index fell -18.14%. The industry's 9.45% outperformance in 2022 marks the first instance in more than 14 years where hedge funds have outperformed the index in a calendar year.

Macro hedge funds, which look at economic trends and take advantage of dislocations across asset classes, had a banner year in 2022. On average, they notched a 12.2% return versus -0.7% for the broader industry.

Meanwhile, the top 50 hedge fund traders are off to a great start in 2023 and their portfolios are set to surpass benchmark returns once again, said a survey. The new analysis of the top 50 hedge funds conducted by Market Makers revealed that in 2023, nine out of ten hedge fund traders will use artificial intelligence to achieve portfolio returns.

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