In the week ending January 17th 2020, the Preqin All-Strategies Hedge Fund benchmark returned +2.00% in December, bringing the 2019 return to +11.58%. Funds of hedge funds gained 1.32% in December, generating a 2019 return of +8.34%, the highest annual return since 2013 (+8.82%). The Eurekahedge Hedge Fund Index gained 1.52% in December, supported by the underlying equity market performance which pushed the MSCI ACWI (Local) 2.57% higher over the same period- The year-to-date (YTD) return went up to 8.58% while Barclay Hedge’s index gained 10.70%. By comparison, the S&P 500 Total Return Index posted a 31.49% return in 2019.
After a one-month reprieve, the hedge fund industry returned to net outflows in November with $4.7 billion in redemptions, a reversal from October’s $1.9 billion in industry inflows, and all hedge fund structures posted strong performance at the end of 2019. The Preqin All-Strategies Hedge Fund benchmark returned +2.00% in December, bringing the 2019 return to +11.58%.