Market Views: Will 2021 be another big year for hedge funds?

Last year, hedge fund managers raked in impressive returns. They did as well as their equity peers, if not better. According to a Eurekahedge report, global hedge funds were up 11.89% in 2020. The world’s 20 best-performing hedge funds earned $63.5 billion in 2020, a 7% increase compared with 2019’s $59.3 billion, based on LCH Investments data. Hedge fund strategies that had the most gains were long/short equity, arbitrage and macro. Notably, Asia’s performance was outstanding. Th…