Deep Dive: 2021 has been an encouraging year for absolute return

This year is shaping up as a positive one for absolute return strategies with the performance of the HFRX Global Hedge Fund index up 3.3% as at July 2021. This follows a strong 2020, with the same index up 6.8%.  As a result, investor interest has remained strong, with multiple investor studies suggesting that hedge fund allocations are set to increase through this year. As always investor interest follows performance, but for many allocators it will be a challenge to understand sources of performance and to form conclusions about sustainability.  'It was not terrible, but it was not ...