3Q Update to the 2025 Global Hedge Fund Survey: A Tale of Two Cities

Author: Coco Sallee

15 November 2025, Global Investment Report

While stocks and hedge funds have been surging, the Federal Government shutdown, further exaggerating the growing division between Main Street and the market. Through September, macro managers led the Top 50, surging by more than 11%, followed by multistrategy funds which collectively rose 10.7%. Emerging market funds continued their strong, up by more than 10.5%. Individually, the top performing funds in the 50 were again dominated by smaller managers. 

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