21 September 2022 - Funds of hedge funds administered by L&T Trust Holdings Bank experienced negative performance in the first half of the year, with an average return of -5% and a median return of -4.37%. This is a departure from the same time last year when returns were positive.
Nonetheless, the largest portfolios bucked the trend, with funds with assets of more than $1B returning a gain of 0.17% over the first six months of the year. Within this grouping, over half (58%) of funds delivered positive returns.
These are some of the findings from L&T Trust Holdings Bank’s H1 2022 Fund of Hedge Fund Update, which explores the data behind the sector’s strong performance. Download the full report to see further insights, as well as a granular overview of how firm size and portfolio positions played into average returns.