Some hedge funds that bet on macroeconomic trends boasted eye-popping double and even triple digit gains for 2022, investors said, while other prominent firms that were long on technology stocks got clobbered with deep losses in volatile markets.
Rokos Capital, run by Chris Rokos and one of a handful of so-called global macro firms, gained 51% last year. Brevan Howard Asset Management, the firm Rokos once worked for, posted a gain of 20.14% and Caxton Associates returned 16.73%, investors in the funds said this week, asking not to be identified.
Tiger Global Management lost 56% while Whale Rock Capital Management ended the year with a 43% loss and Maverick Capital lost 23%. Coatue Management ended 2022 with a 19% loss. Sculptor Capital Management, where founder Dan Och had battled the firm's current chief executive in court over his rising pay, posted a 13% drop. Sculptor announced in November that its board had formed a special committee to explore potential interest from third parties.
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