Crystal's hedge fund platform outperformed benchmarks in 2022
Alternative investment specialist Crystal Capital Partners' hedge fund platform outperformed key benchmarks in 2002, while assets under management (AUM) double-digit growth over the course of the year.
The platform generated net positive returns of 3.83%, outperforming the HFRI Fund Weighted Composite Index (-4.25%), the HFR FOF Index (-4.7%), and the S&P 500 Total Return Index (-18.1%). Crystal's total AUM grew by 20%, as the firm witnessed a 32% growth in new advisory relationships.
Crystal onboarded five new hedge funds to the platform in 2022. Crystal's platform assets were majority allocated (54%) to institutional multi-strategy hedge funds, while the rest remained extremely diversified among global macro, long/short equity, distressed securities, relative value, and event-driven strategies.
In addition to increasing the number of hedge funds available on its platform, Crystal onboarded 17 new private market funds, with growth equity the biggest allocation by strategy, followed by buyout, private credit, venture, and real assets.