Bigger Was Better in 2022: Global Hedge-Fund Industry Sees Split

Money and talent is getting concentrated with bigger players in a seismic shift sweeping the $4 trillion hedge fund industry

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A handful of giant firms are gaining dominance over the hottest corners of the hedge fund industry. This year showed why.

While nearly all hedge fund indexes are negative, a closer look at the data shows that multi-strategy and macro funds with the biggest concentration of investors’ cash posted gains, shielding clients from a ferocious selloff in global markets as central banks began raising rates and rolling back years of quantitative easing.