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In the week ending March 10th 2023, HFR launched the HFRI 400 (US) Indices, a first of its kind Index comprised of private hedge funds open to U.S. taxable investors, making the HFRI 400 a suitable benchmark for U.S.-based, taxable, high net worth and ultra-high net worth investors. The HFRI 400 (US) Fund Weighted Composite Index posted a narrow decline of -0.3 percent (estimated) in February, this following the gain of +2.3 percent in January and paring the YTD return to +2.0 percent. Exhibiting strong outperformance of equity market declines for the month, HFRI 400 strategy performance was led by Event Driven and Macro strategies.
Meanwhile, hedge funds are building their firepower in global macro trading as they seek to capitalise on the most lucrative environment since the financial crisis. Macro trading, a decades-old strategy made famous by the likes of George Soros and Louis Bacon, involves betting on moves in global bond, currency and other assets.
In performance news, Ken Griffin's Citadel's multi-strategy flagship Wellington fund gained 0.7% last month, bringing its 2023 performance to 2.8% through February; Bill Ackman's publicly traded hedge fund fell 4.4 percent in February, leaving Pershing Square Holdings up just 1.4 percent for the year, and Dan Loeb's Third Point Offshore fund posted a 3.5 percent loss i...................... To view our full article Click here
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