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Alternative Market Briefing Weekly

Opalesque Roundup: Global hedge fund business return 10% in 2021: hedge fund news, week 02

Saturday, January 15, 2022

In the week ending January 14th 2022, a report by eVestment revealed that the global hedge fund business returned +1.58% in December, bringing the aggregate return for the industry for 2021 to +10.00%. Almost 80% of funds reporting to eVestment posted positive results for the year, with the average positive return coming in at +15.55%. For the small minority of funds that landed in the red for performance in 2021, the average return was -7.32%.

HFR also reported that hedge funds advanced in December to conclude a strong year dominated by uncertainty and high volatility, as managers navigated the dual challenges of increasing interest rates and inflation, as well as the impacts of the second year of the global coronavirus pandemic. The investable HFRI 500 Fund Weighted Composite Index gained +0.9 percent in December, reversing the prior month's decline, while the HFRI Fund Weighted Composite Index (FWC) advanced +1.3 percent, according to data released by HFR.

Meanwhile, the Eurekahedge Hedge Fund Index gained 0.91% in December, supported by the robust performance of the global equity market as represented by the MSCI ACWI (Local) which returned 3.55% over the same period. December 2021 started out on a negative note due to the rising numbers of COVID-19 cases driven by the highly infectious Omicron variant and the decision by the Federal Reserve to accelerate the timeline for tapering and stop referring to inflation as transitory. Risk sentiment improved over the second half of December after evidence emerged suggesting that the Omicron variant is less severe tha......................

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