Hedge Fund Industry Looking Up

August 17, 2021 James Heinsman Hedge Fund News

For the first time in over a decade, hedge funds are celebrating some consistent success. During the global crises of 2020, the industry touted an 11.8% return, recording the best year since 2009’s crash.

According to the Financial Times, “Investors are certainly taking notice of the hedge fund industry’s renaissance. After withdrawing more than $170bn during the previous five years, they invested a net $18.4bn in the first half of 2021, according to HFR. As a result, the global hedge fund industry’s overall assets under management have swelled to a record $4tn this year.”

“We’ve seen significantly positive, double-digit returns across just about every strategy. That’s caught the attention of a lot of people, us included,” Mark Anson of Commonfund said.

Earlier this year, hedge fund moguls and their investors participated in the exclusive annual Morgan Stanley event. Usually held at Breakers Hotel in Palm Beach, this year the gathering took place remotely, but the energy was fully charged.

“This was the first time in many years Breakers felt like a celebration — as much as anything can feel like a celebration online. It had an upbeat feel to it,” according to Sandy Rattray of Man Group. 

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