2022 was a mixed year for the hedge fund industry. At one side of the spectrum, macro, commodity, and large multi-strategy hedge funds reported some of their largest profits in years, but at the other end of the spectrum, equity funds struggled. Long-only equity funds and even long/short equity funds faced an uphill struggle last year – most struggled to outperform, let alone print a positive absolute performance. During the year, the MSCI World Index declined by 20%, one of its worst performances since the financial crisis. Q4 2022 hedge fund letters, conferences and more Losses in Tech Tiger Global…
Equity Hedge Funds Struggled In 2022 As Macro Funds Charged Ahead
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