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Opalesque Roundup: Hedge funds generated an alpha of 2.4% in 2021: hedge fund news, week 07

Saturday, February 19, 2022

In the week ending February 18th 2022, a study revealed that 70% of investors' hedge fund portfolios met or exceeded their target returns in 2021. Furthermore, hedge funds generated an alpha of 2.4%, which is above historical averages and marks the second consecutive year of positive alpha generation across the industry. According to Barclays' study, 'Hedge Fund Outlook 2022', investors appear even more bullish across most hedge fund strategies than they were last year.

However, losses abounded in January, but the hedge fund industry largely shielded its investors from the worst. Hedge funds in aggregate were down -2.42% on the month, according to the Barclay Hedge Fund Index compiled by BarclayHedge, a division of Backstop Solutions.

The Eurekahedge Hedge Fund Index also declined -1.05% in January 2022, outperforming the global equity market as represented by the MSCI ACWI (Local) which declined -4.91% over the same period. Global equities tanked as rising bond yields and the escalating tensions between the United States and Russia over Ukraine led to heightened risk aversion among market participants.

In the meantime, managed futures funds turned in a second straight positive month in January, returning 0.71%, according to the Barclay CTA Index, compiled by BarclayHedge, a division of Backstop Solutions.

In performance news, Sculptor Capital Management multistrategy funds, with $11.1 billion of assets at year-end, gained 5% in 2021; Pe......................

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