But for a small subset of specialized hedge funds known as quants, the chaos of 2022 has unleashed a windfall. “Macro hedge funds experienced a historic quarter,” says Kenneth J. Heinz, HFR’s president. After all, the hedge funds making headlines lately are most notable for their losses. Melvin Capital, once one of Wall Street’s most successful hedge funds, announced earlier this month that it is shutting down. In the first quarter of this year, institutional investors allocated the largest amount of new capital to hedge funds since 2015, according to HFR.

Source: CNN May 31, 2022 12:50 UTC