Mon, Jan 26, 2026
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge funds muddle through Q4

Friday, December 01, 2023

Bailey McCann, Opalesque New York:

Hedge funds administered by the Citco group of companies (Citco) saw performance dip once again in October, continuing the recent downward trend, with an overall weighted average return of -0.4% that matched September's figure, according to the fund administrator's latest report on hedge fund performance.

Commodities funds were the worst performers, with a weighted average return of -2.6%. Most other strategies also saw declines in performance but to a lesser extent, Citco's data shows. Event Driven funds had a weighted average return of -0.9%, followed by Multi-Strategy at -0.7%, Fixed Income Arbitrage at -0.6%, and Equities at -0.5%.

Global macro funds are the only funds posting positive returns. Funds in this strategy had a weighted return of 2.3% - extending a winning streak that started in the summer.

Outflows have continued although at a slower pace than September. According to the report, subscriptions of $6.1B were countered by $8.5B of redemptions, resulting in net outflows of $2.4B in October, down from the $9.1B of net outflows in September. Most of the outflows are in equities strategies as investors take profits on the back of solid performance from equities throughout most of the year.

On an Assets under Administration (AUA) basis, the largest and smallest funds saw net outflows, while other categories saw net inflows, the report said. The largest funds with more than $10B of AUA saw net outflows ......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Other Voices: Nvidia extraordinary growth and the challenge of sustaining demanding valuations over time[more]

    Antonio Di Giacomo, Senior Market Analyst at XS.com, writes: Nvidia has established itself as one of the most extraordinary growth companies in the global technology sector. Over the past two fiscal years, its revenues have risen from levels close to $60 billion annually to well above $120 billi

  2. Secondaries take center stage: What the 2026 PE landscape means for GPs and investors[more]

    Matthias Knab, Opalesque for New Managers: The 2026 edition of Dechert's Global Private Equity Outlook - "Signs of a Gradual Thaw" - marks a notable shift in industry sentiment. After years of compr

  3. Other Voices: Life settlements hedge funds are gaining acceptance among institutional investors[more]

    By Donald A. Steinbrugge, CFA - Founder and CEO of Agecroft Partners, a global hedge fund consulting and marketing firm. Over the past decade, life settlements hedge funds have steadily gained acceptance among institutional investors. Their appeal lies in the potential to deliver

  4. And, finally: Time to share it with the people[more]

    From Newsoftheweird: Leavenworth, Washington, has become a tourist destination because of the Bavarian theme businesses have adopted there, NPR reported. One shop, the Leavenworth Nutcracker Museum, houses the world's largest nutcracker collection, thanks to 101-year-old Arlene Wagner. Wagner sta

  5. Opalesque Exclusive: High-profile fraud dispute hits alternative investment firm[more]

    Matthias Knab, Opalesque: Former Tennis Champion Coco Vandeweghe Sues AC Investment Management for $1 Million+ in Missing Funds In a developing legal dispute that underscores the risks athletes and private clients face in trusting financial managers, professional tennis star Co