Citigroup Crystal Ball: Steady Year For Hedge Funds

Jan 4 2007 | 12:24pm ET

If your hedge fund manager offered you a 10% return for 2007 right now, would you take it? If Citigroup Alternative Investments is right, it might not be such a bad bet.

In a note, the group predicts that hedge funds will average 10% returns after fees, Reuters reports, better than most indices did last year, but trailing the Standard & Poor’s 500’s 13.6% return.

“The significant capital in the hand of private equity funds should be supportive for event-driven and merger-focused managers,” fund of hedge funds chief investment officer Ray Nolte wrote. Citigroup recommends long/short, global macro, managed futures and relative-value arbitrage strategies, as well.


In Depth

Q&A: Portfolio Advisors' Brian Murphy On The Advantages of A Private Markets Platform

Jan 2 2018 | 11:05am ET

Most private markets firms reference their platforms as a source of competitive...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: The Top Hedge Fund Industry Trends for 2018

Jan 2 2018 | 12:22pm ET

Each year, Don Steinbrugge’s Agecroft Partners compiles the insights gained...

 

FINalternatives Trending

From the current issue of