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Hedge Funds' Best Year Since 2013 Not as Great as It Sounds

  • Industry returns 6.5%: equities up 12% and macro rises 4%
  • ‘It’s a marathon and they’re pretty tired’ Marenda says
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The Outlook for Hedge Funds in 2018

Updated on

Two hedge funds tell the up and down story for the industry in 2017.

Equity fund Coatue Qualified Partners soared 24 percent on its tech bets while the Caxton Global macro fund dropped 13.4 percent, according to an investor document and people familiar with the matter. The equity and macro strategies served as bookends for the industry, which delivered a lukewarm overall performance for the year.