Hedge Fund Results Best Since 2013

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    The Preqin All-Strategies Hedge Fund benchmark posted returns of 7.4 per cent in 2016, marking the best performance year for the industry since 2013 and more than tripling the gains made through 2015 (+2.03 per cent). Despite a volatile start to the year which caused some performance difficulties, hedge funds rebounded to post positive returns in nine of the final 10 months of the year. This strong period of performance for the asset class sees three-year annualized returns stand at 4.83 per cent, while five-year annualized gains have reached 7.47 per cent. Event driven strategies hedge funds saw double-digit gains in 2016, returning 12.47 per cent for the year. This marks a sharp contrast from the previous year, when event driven funds were the only leading strategy to suffer losses (-0.78 per cent).