Hedge funds fared well in 2018.
Our hedge fund portfolios significantly outperformed relevant indices and comparable products in 2018.
The return in 2018 was –0.2%, compared with, for example, index funds from the same asset classes, which lost 10 to 15%. By the end of April, our hedge fund portfolios had gained around 5.5%, which was also better than comparable funds or index funds. A portfolio of hedge funds can effectively diversify a total pool of assets and reduce risks over the long term.