2020 ended up being a strong year for hedge funds, and this momentum has continued into 2021. The Preqin All-Strategies Hedge Fund benchmark went up 7.81% in Q1, outperforming the S&P 500 PR Index (+5.77%), which had a volatile quarter. Retail pressure rattled equities, and the interest rate outlook triggered major swings in some markets. Against all odds, hedge funds surprised investors with their best Q1 since 2006.
Read our latest hedge fund industry update for a detailed look at performance, fund launches, fund managers, and investor fund searches over the first quarter of the year.