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2023 Citco Fund of Hedge Fund Update - A Year in Review

February 2024
2023 Citco Fund of Hedge Fund Update

21 February 2024 - Funds of hedge funds serviced by the Citco Fund Services Companies achieved an average return of 5.92% in 2023, rebounding from the -3.35% seen the previous year. Whether concentrated or diversified, all categories of portfolio saw positive returns on a number of holdings basis, as did all strategy size groupings, and in total 88% of funds had positive returns for the year.

Having had a positive first half of 2023, the average fund across every category continued to make further gains in the second half of the year under review.

These are some of the findings from Citco’s 2023 Fund of Hedge Fund Update, which explores the data behind the sector’s performance.

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