24 April 2023 - Hedge funds continued their resurgence from Q4 with even better weighted average returns in the first quarter of this year, with the largest funds outperforming – and Multi-Strategy and Equities funds holding on to their top positions.
Funds administered by the Citco group of companies (Citco) saw an overall weighted average return of 4.49%, with nearly three quarters of funds (69.39%) delivering positive performance. All assets under administration categories generated positive weighted average returns, as did all strategies – bar former top performers Commodities at -2.2% and Global Macro at -1.14%. Multi-Strategy and Equities funds came out on top again with Q1 performance of 5.78% and 5.42% respectively - both bettering their performance on Q4.
