Hedge Funds Outperformed The Global Equity MarketJacob Wolinsky
Hedge funds outperformed the global equity market with event-driven and arbitrage funds in the lead
Equal-weighted and asset-weighted hedge fund performance
Hedge fund managers ended the month of September down 0.72% on an equal-weighted basis, and loss 1.43% on an asset-weighted basis. The weak performance of the global equity market resulted in a negative performance of most fund managers due to the renewed concern surrounding the increasing COVID-19 cases. On a year to date basis, global hedge funds were up 3.26% over the first three quarters of 2020.
Over the month of September, US$17.0 billion of investor outflows on top of US$14.4 billion of performance-driven losses were recorded by the global hedge fund industry.
Hedge fund performance by region (2020 YTD)
Hedge fund performance by strategy (2020 YTD)
Average live hedge funds fees by end of the year
Hedge fund outperformance relative to MSCI ACWI