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Preqin All-Strategies Hedge Fund benchmark up 11.58% in 2019

Friday, January 17, 2020
Opalesque Industry Update - All hedge fund structures posted strong performance at the end of 2019. The Preqin All-Strategies Hedge Fund benchmark returned +2.00% in December, bringing the 2019 return to +11.58%. Funds of hedge funds gained 1.32% in December, generating a 2019 return of +8.34%, the highest annual return since 2013 (+8.82%).

Equity strategies were the best performing top-level strategy tracked by Preqin in both the month of December and 2019 overall, returning +2.60% and +14.84% respectively. Relative value strategies did not fare so well, generating +0.38% in December and +4.96% in 2019.

BRL-denominated hedge funds returned +3.12% in December, recovering from a comparatively weak November (+0.34%). This pushed their 2019 return to +14.43% and the three-year annualized figure to +14.27% - the highest of all top-level currencies tracked by Preqin. Hedge funds denominated in JPY struggled to reach the heights of other currencies, returning +0.71% and +4.34% respectively in December and 2019.

Large hedge funds outperformed all other fund size classifications in December (+2.52%), building upon gains of 0.99% in November. Emerging and small hedge funds rounded off 2019 by gaining 1.84% and 1.67%.


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