H1 2024 Fund of Hedge Fund Update
![H1 2024 Fo HF Update](https://www.citco.com/uploads/images/insights/_1024x683_crop_center-center_none/H1-2024-FoHF-Update.png)
15 August 2024 - Funds of hedge funds administered by the Citco Fund Services Companies (Citco) had their best first half of a year since Citco began producing this report, returning 5.07% on average for the first six months of the year to end of June. Over 92% of funds achieved positive performance, while funds of hedge funds also saw a return to net inflows overall after several years of outflows.
Building on what was achieved in 2023, the performance in the first half of this year outpaced the 2.87% achieved in the first half of 2023, and almost surpassed the full year return achieved in 2023 (please see our H1 2023 and 2023 Fund of Hedge Fund Updates).
These are some of the findings from Citco’s H1 2024 Fund of Hedge Fund Update, which explores the data behind the sector’s strong performance. Download the full report to see further insights, as well as a granular overview of how firm size and portfolio positions played into average returns.