Morgan Stanley's multi-manager hedge fund, the Riverview Omni Fund, ended 2022 on a high note.
According to a copy of the fund's fourth-quarter and 2022 letter to investors, which ValueWalk has been able to review, the fund's long/short fundamental equity strategies produce the best returns for the year.
After a profit of 4.98% during the fourth quarter, the equity strategies ended the year up 16.88%.
Q4 2022 hedge fund letters, conferences and more
Equities Trading Yields a Double-digit Return
The top contributing sectors in the equities portfolio were the fund's positions in materials, energy, and financial stocks, companies most exposed to rising interest rates and the ongoing commodity boom.
The letter notes that during the year's first half, equity performance was dominated by...
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