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Alternative Market Briefing Weekly

Opalesque Roundup: Hedge funds started the year with a bang but struggled last six months: hedge fund news, week 47

Saturday, December 11, 2021

In the week ending December 10th 2021, a report by HFR stated that hedge funds declined in November, posting the largest single-month decline since March 2020, as equities fell sharply late in the month driven by fears of new restrictions related to the Omicron coronavirus variant. The investable HFRI 500 Fund Weighted Composite Index fell -1.6 percent in November, reversing the prior month's advance, while the HFRI Fund Weighted Composite Index (FWC) fell -2.2 percent, according to data released by HFR.

BarclayHedge also said that hedge fund industry posted a monthly loss in November, down -1.22% for the month. For the year to date, the hedge fund industry gained 8.89% through November. The S&P 500 Total Return Index advanced 23.18% over the same period.

Meanwhile, the Goldman Sachs Hedge Fund Trend Monitor said that hedge funds started the year off with a bang, but they've been struggling in the last six months. U.S. equity hedge funds are up 13% year to date but only 3% for the last six months. Additionally, the most popular hedge fund long positions have lagged the S&P 500 by 16 percentage points since February, which may explain why hedge funds are struggling.

In new launches, the Swiss quantamental asset manager Stouff Capital says it has doubled its AuM in the last 12 months, hired two managers, and it is preparing the launch of a new absolute return global macro fund in the first quarter of 2022; Advent International has held a final close for ......................

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