Equity Hedge Funds Struggled In 2022 As Macro Funds Charged Ahead

2022 was a mixed year for the hedge fund industry. At one side of the spectrum, macro, commodity, and large multi-strategy hedge funds reported some of their largest profits in years, but at the other end of the spectrum, equity funds struggled. Long-only equity funds and even long/short equity funds faced an uphill struggle last year – most struggled to outperform, let alone print a positive absolute performance. During the year, the MSCI World Index declined by 20%, one of its worst performances since the financial crisis. Q4 2022 hedge fund letters, conferences and more Losses in Tech Tiger Global…