With the S&P 500 falling a double-digit percentage in the first half, most equity hedge fund managers struggled to keep their heads above water. The performance of the equity hedge fund sector stands in stark contrast to macro hedge funds, which are enjoying one of the best runs of good performance since the financial crisis.
Hedge Fund Performance Divergence
According to the latest data from hedge fund data provider HFR, macro funds on average are up 7.4% in the first seven months of the year. Equity-based hedge fund strategies remain the worst performing category this year, having lost 9.2% over the seven-month period, according to HFR data.
Q2 2022 hedge fund letters, conferences and more
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