Man FRM Early View

Hedge funds must balance the risks and opportunities created by the prevailing uncertainty.

Hedge funds were caught in a game of cat-and-mouse with February inflation data.

It has been a very odd start to the year.  With the MSCI World touching levels not seen since pre-Jackson Hole in August, market strategists have been left scratching their heads.

The only real surprise for December was that a year which has seen such persistently high volatility across all asset classes finished with something of a whimper.

Hedge funds had a mixed month in November, with losses to momentum strategies but positive returns to longer-biased exposures.

October was a mixed month for hedge funds, with positive returns in equity and credit funds, but negative returns in macro strategies.

Hedge fund managers had a mixed month in September, although in general the industry did well to protect capital.

Hedge fund managers enjoyed positive returns in August, during a volatile month in markets.

Risk-on behaviour across markets saw hedge funds post positive returns during July, with a range of results across strategies.

A mixed month for hedge funds as inflationary pressures continue to be felt.

Hedge fund managers generally posted losses in a choppy month for traditional risk assets.

April was a mixed month for hedge fund managers, but continued to provide good diversification to traditional assets.