In summary...
The hedge fund industry was down 2.4% in 2022.
Global equities** and global bonds*** have fallen 20.0% and 16.7% respectively.
It has been an extremely challenging year from both a markets and geopolitical perspective. If one were to sum up 2022 in two words, they could be: ‘extreme moves’.
Five-year performance for hedge funds now stands at a CAR of +4.2%, comfortably outperforming bonds (-2.0%) and marginally outperforming equities (+3.0%).
Multi-strategy and quant funds were the top performers in 2022; up 9.5% and 8.5% respectively.
Long biased and Equity l/s delivered the worst returns; losing 13.2% and 9.6% respectively.
