Investors favor allocations to macro, credit funds – Barclays survey
Investors such as pension funds and family offices plan to increase allocations to credit and global macro hedge funds in 2023, although their overall appetite for hedge funds is weaker this year, a survey by Barclays PLC (BARC.L) showed on Friday.
The bank interviewed 302 investors, including pension and sovereign funds, insurance companies, endowments, foundations and family offices with $7.5 trillion in assets under management. The investors were based in the Americas, Europe, the Middle East and Africa.
“Credit is very much in favor as well as the more diversifying strategies,” said Roark Stahler, U.S. head of strategic consulting at Barclays. Demand for equity hedge funds, meanwhile, is low, the report said.
Investment intentions favoring macro hedge funds come after a year in which that strategy, which trades globally a broad range of assets, such as bonds, currencies, interest rates, stocks and commodities, posted the best performance in the industry.
Globally, macro hedge funds had gains of 9% last year, while equities hedge funds, down 10.2%, were the worst performers, data provider HFR said.
This report’s information was first seen on REUTERS; to read more, click this link.