Equity hedge funds were down over 12% in the first half of 2022, even as the S&P was down almost 20%, according to HFR.
While stocks had their worst first half of a calendar year in over 50 years, volatility accelerated across global equity, bonds and commodity markets as the general expectation of recession sets in.
The investable HFRI 500 Fund Weighted Composite Index declined 2.6% in June, which was the largest decline since the pandemic began. Gains in trend-following CTAs and quant strategies were overshadowed by losses in the highest . . .
Unlock this article instantly, along with the rest of our premium content and daily, weekly and monthly newsletters. We offer pay-as-you-go monthly subscriptions and discounted annual subscriptions with additional benefits: access to Alternatives Watch Research articles and our Annual Investor Compendium.