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Opalesque Roundup: Multi-strategy hedge funds were the top performers in Q1 with a of 4.7%: hedge fund news

In the week ending May 02nd 2025, Citco reported that hedge funds have had their tenth consecutive quarter of positive returns after a very strong start to the year. Funds administered by the Citco group of companies (Citco) achieved an overall weighted average return of 2.8% in Q1, matching the previous quarter, with 62% of funds in positive territory.

Most strategy groups saw positive returns - multi-strategy funds were the top performers, with a weighted average return of 4.7%, while global macro was close behind at 4.5%. They were followed by equity and commodities-focused strategies, which both had weighted average returns of 1.6%, and then fixed income arbitrage strategies at 1.1%. Event driven strategies were negative overall in Q1, with a weighted average return of -3.4%. On an Assets under administration (AUA) basis, the largest funds with more than $3bn of AUA stood out, with a weighted average return of 4.6%, while all other categories saw more muted returns.

Meanwhile, Unlimited published its Q1 2025 Hedge Fund Barometer, which showed a significant reversal of pro-growth positions in both U.S. equities and corporate bonds over the quarter as well as an increase in bets on gold. According to Unlimited's proprietary technology, hedge fund managers came into the year with relatively low conviction and modest views but subsequently ramped up pro-growth positions including long the U.S. dollar, and credit spread and equity bets in line with increased expectations of U.S. growth from the new administration. The majority of those positions were reversed starting in February with the exception......................

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