Hedge funds had their finest first quarter in 13 years
performance-based positive factors of practically $97 billion, HFR stated.
“It’s seemingly that the the hedge fund capital and move cycle lags realized efficiency by a number of quarters as buyers consider new allocations in gentle of current efficiency,” Heinz added. “We anticipate this course of to contribute to continued asset progress and new investor allocations all through 2019.”
The sturdy begin this yr comes on the again of hedge funds narrowly outperforming the S&P 500 in 2018, Whereas each had an annual loss, HFR’s index slid barely lower than the S&P 500 when together with dividends. Final yr was additionally the primary time hedge funds outperformed the S&P 500 on an annual foundation because the monetary disaster in 2008.