In summary...
Hedge funds ended H1 2024 up 6.1%, outperforming bonds, -3.2%, but behind equities, +9.2%
Quant was the strongest performing master strategy in H1, +8.7%, after being the weakest master strategy in 2023
Arbitrage is the worst performing strategy, delivering +2.1% in H1, after being the second-worst strategy in 2023
Industry AUM grew, albeit marginally, in the first half. This growth was largely driven by P&L; all strategies had negative net flows except multi-strategy and quant
Alt UCITS underperformed hedge funds in all strategies, with the exception of long biased alt UCITS which delivered 6.2% v 5.5% for long biased hedge funds
