Sovereign wealth funds' hedge fund assets spread over various strategies

Sovereign wealth funds had 17% of their hedge fund assets in macros strategies. This was followed by equity, event driven and multistrategy hedge fund strategies, each at 15%.

Equity hedge funds had a 3.8% return in January, followed by negative and flat returns over the ensuing months. Other strategies, such as event driven, got off to a strong start before fading over the next few months.

Equity hedge funds led the way with a 2.5% year-to-date return. This was followed by relative value and funds of funds with 1.8% and 1.3% returns, respectively.