创16年来最佳战绩！2025年全球对冲基金狂赚12.6% 股票与宏观策略最赚钱

Core Insights - The hedge fund industry achieved its best performance since the global financial crisis in 2025, with a return of 12.6%, marking the strongest annual performance since 2009 [1] - The HFRI Fund Weighted Composite Index (FWC) rose by 1.6% in December, contributing to the anticipated 12.6% increase for the year [1] - Key drivers of the hedge fund returns included long/short equity strategies and macroeconomic themes across stocks, bonds, commodities, and currencies, both exceeding 17% gains [1] Group 1: Performance Highlights - The hedge fund industry, valued at $4.98 trillion as of September 2025, demonstrated its ability to diversify investor portfolios amid geopolitical changes and macroeconomic uncertainties [1] - HFR President Kenneth J Heinz noted that diverse performance engines allowed the hedge fund industry to achieve uncorrelated performance growth across various financial market environments [2] - The healthcare, energy, and commodities sectors provided substantial returns, with healthcare-focused hedge funds rising by 33.8% and energy and materials funds increasing by 23.4% [3] Group 2: Strategy Performance - The HFRI Equity Hedge Index rose by 1.8% in December and achieved a cumulative increase of 17.3% for the year, marking the largest annual gain since 2020 and the second-largest since 2009 [2] - The HFRI Macro (Total) Index increased by 1.9% in December, marking seven consecutive months of growth with a total increase of 9.9% during that period [4] - Event-driven strategies saw a rise of 1.5% in December, with an annual increase of 11%, the highest since 2021, driven by expectations of a strong merger and acquisition environment in 2026 [4] Group 3: Strategy Challenges - The only strategy type that ended the year with a loss was the quantitative diversified funds, which fell by 0.65% due to increased volatility during key market events [4]