According to Goldman Sachs’ annual “Multiplier Effect” report, multi-strategy hedge funds resumed their growth over the last year after pausing in 2023 and 2024. The firm reported that assets under management by multi-strategy funds hit a new record high at $428 billion. In 2023, asset growth was basically flat as multi-strategy funds posted weaker performance and notched the first annual outflows since 2016.
Multi-manager funds see in-line growth
Also see: Equitile And Alken Capital Continue To Dominate HSBC’s Top Hedge Fund Rankings
According to Goldman, this year’s 16.1% year-over-year growth is roughly in line with the multi-strategy managers’ longer-term track record of 17.4% between 2017 and 2024. Meanwhile, the rest of the hedge fund industry has seen more muted growth, with total assets under management by funds utilizing other strategies at $4.1 trillion, up just 4.2% from $3.9 trillion in 2024. The longer-term growth trend has averaged 3.6% between 2017 and 2024.
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