February saw a reversal of Januaryâs positive start to 2023 with hedge fund industry AuM down $10bn. The downturn was wholly driven by outflows as performance had a slight uptick of $0.6bn during the month and compares favorably with the S&P 500 (-2.6%) and the Dow Jones (-4.2%) as the likelihood of a global recession during 2023 increased. No strategy attracted inflows during February with long/s
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