More than 70% of the hedge funds administered by Citco generated positive returns during the fourth quarter of 2022, according to a report by Forbes, with funds of all sizes recording gains.
More than 70% of the hedge funds administered by Citco generated positive returns during the fourth quarter of 2022, according to a report by Forbes, with funds of all sizes recording gains.
Multi-strategy and equities funds were the strongest performers in the final three months of the year, chalking up average weighted returns of 4.81% and 4.58%, respectively. Fixed-income arbitrage was the next best performing strategywith a weighted-average return of 4.31%.
The worst performance was recorded by event-driven hedge funds on both a weighted-average and median basis, with returns of -2.06% and 0.47%, respectively, while the only other negative performing strategy in Q4 was commodities, with a weighted-average return of -0.65% and a median return of 0.7%.
Returns for large and small equities hedge funds were similar, as demonstrated by the median return of 4.66% compared to the weighted-average return of 4.58%. The size dispersion was significant among multi-strategy funds, which generated a median return of 0.57% versus the weighted-average return of 4.81%.
Notably, fixed-income arbitrage funds recorded a median return of 2.86% versus their weighted-average return of 4.31%. Global macro funds generated similar returns at 2.63% on a weighted-average basis and 2% on a median basis.
