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Alternative Market Briefing Weekly

Opalesque Roundup: Hedge funds end January down by 1.55%: hedge fund news, week 09

Saturday, March 05, 2022

In the week ending March 4th 2022, Eurekahedge revealed that hedge fund managers ended the month of January down 1.55% on an equal-weighted basis, and down 1.10% on an asset-weighted basis. Global equity markets tanked after market risk sentiment was dampened due to geopolitical concerns over the Russia-Ukraine crisis and the increasingly hawkish policy stance of the Federal Reserve to quell rising inflation, negatively impacting the performance of hedge funds. The MSCI World Index was down -7.64 end of February.

Meanwhile, different databases show mixed hedge fund asset inflows for January - While HFM report says that investors allocated just over $10bn to hedge funds in January, eVestment says they pulled -$4.18bn from the global hedge fund business in the month under review.

However, actively managed large-cap funds underperformed their Russell 1000 benchmarks on average by 12 basis points in February, lagging for a fifth straight month, BofA equity and quant strategists said in a research report.

In performance news, Glenview Capital Management posted positive February results in two of its funds. Larry Robbins' healthcare-heavy funds delivered gains in February, outperforming the broader market - the firm reported a 9.2 percent gain last month in its main fund, Glenview Capital Partners, which is now up 6.7 percent for the year, while Chase Coleman's Tiger Global Management posted a 10% decline for its flagship hedge fund last month, a significantly steeper drop than the broader market, according to people familiar with the matter.

In the meantime, Greenlight Capital hedge fund headed by David Einhorn posted a 6 percent gain in February and is now up 5.5 percent for the y......................

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