Hedge Funds are Broke Records in Q1 2021

April 27, 2021 James Heinsman Hedge Fund News

This roller coaster seems to be heading in only one direction, and that is up. Hedge Fund Research reported in April that global hedge fund assets rose to a record high of $3.8 trillion in March 2021. Investors showed their confidence in hedge funds by adding about $201 billion to that pool of money during the first quarter, gaining on average about 6%.

Cryptocurrency hedge funds were the best performers, rocketing to new heights with a 120% increase in value. Even the more usual vehicles, such as event-driven hedge funds, grew by about 8.2%. Equity-focused funds scored wins of about 7.1%.

During the first quarter, the Preqin All-Strategies Hedge Fund Benchmark was up 7.81%. Compare that to the S&P’s gain of 5.77% during the same time frame. This is the best first quarter in 15 years. Barclays is expecting hedge funds to attract new money to the tune of about $30 billion, the sector’s first increase in money in since 2017.

cryptocurrency, Hedge Fund Research,

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