The best returns in the hedge fund industry so far this year are from multi-strategy, managed futures, global macro and credit -- with oil prices aiding gains in commodities.
According to HFR, macro hedge funds posted negatively correlated gains as financial market volatility grew across the board including commodities last month.
The HFRI 500 Macro Index saw gains of 2.9% in February, racking up 2022 returns to 4.75% with contributions from commodity, fundamental discretionary and quantitative and trend-following strategies.
“Macro funds gained in both January and February, though the drivers . . .
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