Wednesday, June 12, 2024

What higher-for-longer means for hedge fund returns, LP priorities and multi-strats

Jon Caplis, founder at PivotalPath in New York

Allocators are expecting more from hedge funds in a higher rate environment, but it should boost the performance of some strategies, according to Jon Caplis, founder of PivotalPath in New York.

“This notion that used to be fundamental to evaluating hedge funds, of excess returns beyond the risk-free rate, was really irrelevant and barely a consideration for the last 15-plus years. That all changed starting in 2022,” he tells AFI.

Please subscribe to Alternative Fund Insight to continue reading
Alternative Fund Insight provides high-value information, industry analysis, exclusive interviews and business intelligence tools to professionals in hedge funds and private markets.