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Managed futures lead broader hedge fund industry Q1 gains

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Hedge fund performance was positive during the first quarter, as nearly all strategies turned more bullish on US stocks, with gross returns across all strategies averaging nearly 6%, led by managed futures strategies with gross returns at nearly 10%, according to Unlimited’s Hedge Fund Barometer, a new quarterly report and data analysis tool.

Average gross returns across all strategies were up nearly 6%, with managed futures strategies leading the way with gross returns of nearly 10%. Emerging markets were the worst performing with a 3.8% increase.

Heading into Q2 2024, hedge funds held long positions in US equities, particularly in cyclicals, while being neutral on US bonds in a bet that yields will continue to move higher.

According to a press release, Unlimited’s Hedge Fund Barometer utilises machine learning technology and multiple data sources to track performance metrics for the major hedge fund strategies.

In a statement, Bob Elliott, CEO and CIO of Unlimited, said: “Our new barometer aims to give market participants a more comprehensive and current picture of the hedge fund industry. Until now, understanding where the hedge fund world is currently invested has been limited to manager intuition and quarterly 13F filings, both of which often provide an inaccurate and incomplete picture.”


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