(Finance) – After a very strong performance throughout 2021 and a weak first quarter, the hedge funds posted further negative returns in the second quarter, with commodity-focused hedge funds still performing best. This was stated in the new report by Citco, a company that provides administrative services to the sector.
The funds recorded a negative performance for the second consecutive quarter, with a overall weighted average quarterly return of -6.81%, with all categories and strategies – except the raw material at + 4.58% e Global Macro at + 0.79% – which generated negative returns. During the quarter, 32.81% of funds produced a positive return, down from 40.21% in the first quarter, according to funds data monitored by Citco.
THE outflows from hedge funds were $ 7.8 billion in the second quarter as i volatile markets have prompted many investors to look for safer assets to put their money in. Global hedge funds betting on equity markets suffered the largest withdrawals, losing $ 6.4 billion in net outflows.
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