21 September 2022 - Funds of hedge funds administered by Citco experienced negative performance in the first half of the year, with an average return of -5% and a median return of -4.37%. This is a departure from the same time last year when returns were positive.
Nonetheless, the largest portfolios bucked the trend, with funds with assets of more than $1B returning a gain of 0.17% over the first six months of the year. Within this grouping, over half (58%) of funds delivered positive returns.
These are some of the findings from Citco’s H1 2022 Fund of Hedge Fund Update, which explores the data behind the sector’s strong performance. Download the full report to see further insights, as well as a granular overview of how firm size and portfolio positions played into average returns.