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summary
- Hedge funds have performed well in 2022 against a backdrop of volatile and declining stock markets.
- In December, the PivotalPath Hedge Fund Composite Index rose 0.4% versus a 5.6% decline in the S&P 500.
- For the year, the PivotalPath Hedge Fund Composite Index fell 0.8% versus the S&P 500, which fell 18.1%. The Nasdaq fell 6.0% in December and is down 33% for the year.
Introduction: The Central Viewpoint
Each year, more than $4 trillion in global hedge funds…
