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B. G., Opalesque Geneva: The results of the Q4 2023 Hedge Fund Confidence Index (HFCI) show an average confidence level of +15.6, a decrease of six points from Q3, and just below the average score of +17.7.
"In the third quarter, the confidence score was boosted by higher
numbers from hedged equity and global macro managers," the index report says. "However,
in Q4, these same strategies reported some of the lowest confidence
scores of the year, contributing to the overall decline. Despite nearly
all regions and strategies reporting a decline in confidence scores
this quarter, almost 90% of those that polled recorded a positive
confidence score."
One of the defining factors of the 2023 trading environment was uncertainty, the report comments. As the rate cycle shifts into the next phase, 2024 is likely to follow suit, with further question marks arising around the changing regulatory and political outlook in major markets, most notably the US and the UK, which are heading into election years.
North American hedge funds top sentiment going into 2024
The overall confidence score suggests a cautious outlook compared to the previous quarter across most regions and strategies. Smaller hedge funds seem less confident than their larger c...................... To view our full article Click here
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