Hedge funds navigate choppy year to deliver double-digit gains

Hedge funds in 2023 averaged a 5.7% return in the year through November, according to hedge fund research firm PivotalPath. Equities and credit-focused strategies were the best performers, while macro and managed futures lagged.

Many hedge funds were caught off guard by last year’s surge in bond yields and the performance of most of them lagged stock market indexes, but a handful achieved double-digit gains, some helped by strong technology shares.


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