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In the week ending January 03rd 2025, Reuters reported that some of the world's largest hedge funds finished 2024 with comfortable double-digit returns, benefiting from chaotic markets, central bank policy changes and a tight U.S. presidential election race. Multistrategy funds of all sizes produced mostly double-digit gains in 2024, in what was generally an upbeat year for the hedge fund industry.

Macro hedge fund Discovery Capital ended 2024 up 52%, after gains across equities, currencies, rates and credit, a source familiar with the performance said, with trades in both emerging and developed countries.

Volatility, increased dealmaking and ongoing macroeconomic and geopolitical uncertainty should put hedge funds in a strong position in 2025. And allocators to hedge funds expect to see a wide range of strategies perform well, especially event-driven and macro.

Meanwhile, with trillions of dollars in assets and dozens of billionaires, the hedge fund industry is doing fine, even if there's been a renewed push from the industry's biggest backers to rein in costs.Funds performed well in 2024, returning more than 10% through November, according to industry tracker PivotalPath - even though the average firm won't match the returns of the S&P 500, which is on track to finish above 20% for the second year in a row.

In institutional investor news, Texas County & District Retirement System, Austin, disclosed five new commitments totaling $418 million; Ohio School Employees Retirement System, Columbus, approved new commitments totaling $191 million; New Hampshire Retirement System, Concord, made two alternative investment commitments totaling up to $100 million, and Fondo Fon.Te, the pension fund for Italy's commerce, tourism and services sector workers, has invested a further EUR160m ($166m) in private markets, marking an "important strategic driver" for asset management.

In investments made by hedge funds, 20......................

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