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In the week ending March 24th 2023, HFR Asian Hedge Fund Industry Report and the HFR Emerging Markets Hedge Fund Industry Report revealed that Emerging Markets hedge funds surged to begin 2023, extending 4Q gains driven by rising U.S. rates and continuing generational inflation. The HFRI 500 Emerging Markets Index jumped +4.9 percent in January, with gains across Equity Hedge and Cryptocurrency exposures.

EM hedge funds continued to navigate unprecedented uncertainty associated with the ongoing military conflict in Ukraine, with the HFRI EM: Russia/Eastern Europe Index falling -11.9 percent in December 2022, bringing the Full Year 2022 decline to -40.3 percent; the Index advanced +2.1 percent in January to begin 2023.

Meanwhile, February marked another significant shift in hedge fund performance, bringing continued recovery to some strategies and a resumption of challenges to others. The overall weighted-average return for hedge funds administered by the Citco group of companies was 0.1% for February, bringing their year-to-date return to 3.62%.

However, hedge funds face huge losses on their record bet that the Fed will go full steam ahead with its aggressive interest rate-raising campaign, after some of the most abrupt and violent swings in U.S. rates and bond market pricing in living memory.

In new launches, Strix Leviathan is opening a new market-neutral fund to investors after gathering a seven-month track record during extremely volatile crypto markets following the collapse of FTX in November; San Francisco-based private equity firm Arcline Investment Management announced the closing of its third fund, ......................

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