Man FRM Early View

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.

Hedge fund managers enjoyed a strong month in March, with gains coming from several strategies.

Hedge fund returns were mixed in February, as strategies reacted to the build up of tensions around the Ukraine invasion.

Wide-ranging returns for hedge fund managers during January left the industry down as a whole.