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Positive performance seen across most hedge fund strategies, says Citco

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Some 88% of hedge funds have so far seen positive returns from across most strategies in 2024, building on 2023’s double-digit returns, according to the latest monthly report on hedge funds from Citco, the $1.8tn global alternative investment asset servicer. 

The report reveals that funds administered by Citco achieved an overall weighted average return of 1.4% in January 2024, with equity funds (1.8%) ranking first, closely followed by global macro at 1.6%.

Weighted average returns from multi-strats came in at 1.2%, fixed income arbitrage at 1.1% and commodities at 0.8%. Only event-driven funds recorded a negative weighted average return of -2.3%.

Overall, the rate of return spread remained consistent at 8.6%.

Equities strategies led new outflows with $0.7bn last month.

Regionally, European funds had the highest net inflows at $2.1bn, followed by funds in the Americas at $0.6bn and Asian funds trailing with net outflows of $0.2bn.

Citco’s current projections for net outflows in Q1 2024 come in at $13.8bn.

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