Hedge fund industry performance deep dive – Full year 2024

Hedge funds had their strongest year since the post-financial crisis bounce-back in 2009 – up 11.3%, outperforming bonds, -1.7%, but underperforming equities, +14.5%

Multi-strategy was the strongest performing master strategy during the year, +13.6%, after being the 5th best performing master strategy in 2023

Arbitrage was the lowest performing strategy, delivering +5.9%, after being the second-lowest performing strategy in 2023

Industry AUM grew. This growth was largely driven by P&L; all strategies had negative net flows except multi-strategy and arbitrage