As published on: hedgeweek.com, Wednesday 2 August, 2023.
European credit hedge funds are the most in-demand strategy among investors for the second half of the year, with a net 14% keen to up their allocations by the end of 2023, according to a report by Reuters citing data from a survey by Barclays.
The survey of 230 investors that collectively represent about $6.5tn in assets under management, reveals that while 21% of respondents indicated they would increase their allocation to US stock hedge funds, which take long and short bets on equities, another 11% indicated that they planned to exit the strategy in H2.
Having ended 2022 down 8% on average, US stock-focused hedge funds recorded a 5.2% gain in the first six month of the year, but trail the S&P 500, which recorded an 18% H1 gain.