Stocks may have plunged into a bear market in 2022 — but that didn’t stop hedge fund managers from bringing home billions of dollars in personal earnings.
Although the market rout caused a large portion of long-short and long-only managers to lose money last year — with many performing even worse than the S&P 500 index’s 19 percent decline — 2022 was a very good year for multistrategy, macro, trend-following, and fixed-income managers.
Many of them enjoyed their best years in recent memory.
More here – Institutional Investor
PS: What is interesting is the often apparent disconnect between performance and pay.