Hedge funds last year posted their worst performance since 2018, mainly dragged down by equities as portfolio managers struggled to place their bets amid market turmoil, industry data provider HFR said on Monday. | Reuters
Crypto hedge funds tanked 55.08 percent, after posting positive returns in only three months of the year. Despite their massive losses, crypto hedge funds account for a tiny part of the industry’s $3.8 trillion in assets.
“Investors need to look under the surface to understand the industry performance last year. Long-short hedge funds are the biggest asset-weighted part of the industry,” said Patrick Ghali, managing partner of hedge fund advisory firm Sussex Partners. “Overall, I believe it was a good year for hedge funds.”
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