This third quarter update of Global Investment Report’s 18th annual global hedge fund survey highlights some of the remarkable distortions revealed across markets, while reporting on the current sentiment of leading investors and tracking how the top 50 funds have performed through the first three quarters of 2021.
For the third year in a row, the top 50 hedge fund managers, relying on a variety of strategies, generated net returns comparable to the S&P 500 with significantly less risk and performance that was largely independent of the market. Hedged equity, multistrategy, and global macro funds led the way with more than half the funds in the top 50 managing less than $1 billion.
The value of this year’s annual hedge fund performance survey was turned on its head when a pandemic shut down the global economy and sent securities plummeting. But a deeper look at consistently performing funds revealed managers that as a group have largely been able to weather the storm better than the market and their peers.