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In the week ending April 19th 2024, a new study pointed out that hedge funds led by new managers are responding to pressure to outperform against a backdrop of elevated interest rates. The 2023 edition of The Seward & Kissel New Manager Hedge Fund Study, revealed a substantial increase in the proportion of new managers launching with an incentive allocation hurdle, guaranteeing investors a baseline return before the manager takes a performance allocation.
Meanwhile, hedge funds enjoyed the best quarter since the pandemic in Q1 2024, with a weighted average return of 7.3%, as Equity funds delivered near double-digit returns. In total, 79.85% of funds administered by the Citco group of companies (Citco) achieved positive returns in Q1, with all strategy and Assets Under Administration (AUA) groupings in positive territory.
Further, hedge fund performance was generally positive in March; the average asset weighted hedge fund net return across all strategies was 2.06%. For a second month, all hedge fund strategy groups had positive average returns. Hedge fund performance dispersion was narrower than observed in February.
Incidentally, world's largest publicly traded hedge fund Man Group reported a nearly five percent increase in its assets u...................... To view our full article Click here
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