In the first issue of GS Prime for 2025 Goldman Sachs analysts discussed the ending of 2024, hedge fund performance, sector trends, and what we can expect from the beginning of 2025.
2024 Commentary
Hedge funds overall had a blast in 2024, finishing with +12.1% on a global level. Leaders of the pack were funds that are following equity long/short strategy, while noted performances also came from multi-strategy and long biased funds.
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Gross leverage levels rose to new highs due to higher short exposure and against the backdrop of increased market volatility and a surge in rates at the beginning of the new year. On the other hand, hedge funds...
