HITE Hedge's alpha-only funds returned 0.62% for the second quarter, bringing their first-half returns for 2022 to 8.5%. The funds have grown their assets under management to more than $725 million as of Aug. 1. The firm has added about $200 million in assets since the beginning of the year, moving it closer to its closing target of $1.5 billion.
Opportunities In Volatility
In their second-quarter letter to investors, which was obtained by ValueWalk, the HITE Hedge team said they see sizable opportunities due to the volatility of energy and related markets. They added that an increasing number of allocators seem to share this view, given how much capital they're pouring into HITE Hedge's energy-neutral, alpha-only strategy.
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