Hedge-Fund Performance
Video
July 6, 2020
Peter Shepard, Sheng Yao and Juan Sampieri Hedge funds are sometimes idealized as sources of uncorrelated returns, and at other times criticized for lagging a bull market. How did hedge-fund strategies perform before and after the spread of COVID-19? How to interact with this plot: Use the circles in the legend to select a hedge-fund strategy and time-series type. Hold the shift key to select multiple values. Hover the mouse over the plots to see more details.
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Total returns reflect funds' net-of-fees performance. Residual returns reflect the total return net of factor exposures, as estimated with MSCI's Fund Model as of the end of each previous month. The z-scores reflect each month's total return divided by the fund's trailing-two-year volatility. The "box-and-whisker" chart of cross-sectional details reflects the average (dot) 1st and 3rd quartiles (box) and 5th and 95th percentiles ("whiskers") among funds in each category. Source: Lipper, MSCI
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The content of this page is for informational purposes only and is intended for institutional professionals with the analytical resources and tools necessary to interpret any performance information. Nothing herein is intended to recommend any product, tool or service. For all references to laws, rules or regulations, please note that the information is provided “as is” and does not constitute legal advice or any binding interpretation. Any approach to comply with regulatory or policy initiatives should be discussed with your own legal counsel and/or the relevant competent authority, as needed.