From Nasdaq:



The article discusses the performance of global hedge funds in 2023, focusing on the impact of market swings and macroeconomic events. It highlights the success of crowded trades, particularly in North America, and the profitability of long stock bets. The article also explores the surprise underperformance of multi-strategy hedge funds and the shift in investor preferences for different hedge fund strategies. The data is sourced from prime brokerage notes, shedding light on sector trends and flows. Overall, the article provides insights into the highs and lows of hedge fund performance in 2023, contrasting with previous years.



Original: HEDGEFLOW-Hedge funds in hindsight: four graphs that tell the story of 2023