Hedge Funds On Course For Worst Performance Year Since 2011 by Preqin
The Preqin All-Strategies Hedge Fund benchmark returned -1.44% in September, marking another difficult month for hedge funds as relative value funds were the only top-level strategy to see positive performance. This is the fourth consecutive month of negative returns for hedge funds, the longest negative period since Jun – Nov 2008. Overall returns for 2015 YTD now stand at only 0.18%, with the year on course to have the lowest returns since 2011. However, with the S&P 500 currently returning -3.14% for the year so far, hedge funds are still outperforming public markets.
Gates Capital Management's ECF Value Funds have a fantastic track record. The funds (full-name Excess Cash Flow Value Funds), which invest in an event-driven equity and credit strategy, have produced a 12.6% annualised return over the past 26 years. The funds added 7.7% overall in the second half of 2022, outperforming the 3.4% return for Read More