In the week ending February 11th 2022, eVestment January 2022 hedge fund performance data revealed that inflation, market volatility and geopolitical tensions in Europe appear to have taken a toll on the global hedge fund business in January, with aggregate return for the business coming in at -1.89% for the first month of the year. The hedge fund industry ended 2021 at +9.87% and January’s return is the lowest start to the year since 2016, according to eVestment Global Head of Research Peter Laurelli.
In performance news, ater a long period of underperformance, $124 billion AQR Capital Management had a strong 2021 and a record-breaking start to 2022 – AQR’s absolute return strategy kicked off 2022 with a net return of 10.4 percent in the first five days of January and ended the month with a year-to-date return of 15.4 percent, according to a person familiar with the firm; Losses at Robert Gibbins’s hedge fund continue to mount – Autonomy Capital Research LLP’s flagship global macro fund declined 6.6% in January; Versor Investments has started marketing the Versor Value Dislocation Opportunities fund more widely after it returned 13.5% last year; Macro hedge fund manager Said Haidar, who runs a high-conviction $1.3 billion trading strategy, guided his Haidar Jupiter fund to a 30.65% gain in January, and Jeffrey Talpin’s Element Capital Management posted its worst-ever year in 2021 and also fell about 2.7% in January, a month when most other macro managers made money.
In new launches, Global Infrastructure Partners (GIP) is in discussions to raise $25bn for a new flagship fund, Bloomberg News reported on Tuesday, citing people familiar with the matter; AllianceBernstein has launched a sustainable global equity OEIC, bringing its $4bn SICAV to UK investors, while Ben Durham, a former portfolio manager at Caps………………….
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