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In the week ending April 12th 2024, HFR revealed that hedge funds extended the 1Q surge through March, led by Macro strategies, which posted its best month since March 2022 and its strongest quarter in over 20 years.
Industry-wide gains were driven by trend-following CTAs, Energy, Multi-Strategy, Healthcare, and Cryptocurrency exposures, expanding the powerful 5-month return for the HFRI Fund Weighted Composite Index (FWC) to +11.1 percent, the strongest such return since the 5-month period ending April 2021.
Meanwhile, hedge fund managers started 2024 with the highest level of confidence in their firm's economic prospects on record at the Q1 stage of the year, according to the latest Hedge Fund Confidence Index from the Alternative Investment Management Association (AIMA).
Incidentally, Man Group have upgraded its outlook for Structured Credit, Merger Arbitrage and for Equity Long/Short (both Long Biased and Market Neutral). "We broadly believe that the higher rate environment of the last few years has led to a varied landscape across many financial assets, with greater opportunities for identifying winners and losers at both a corporate and a security level," it said.
In performance news, AQR Capital Management is off to another strong start this year - the AQR Apex Strategy, now the firm's main multistrat fund, gaine...................... To view our full article Click here
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