At a glance
- Goldman Sachs data in the report put 12-month volatility at 6.2% versus 11.3% for the wider hedge fund industry.
- A selector matching a broad hedge fund allocation's volatility with multistrategy funds would hold roughly 1.8 times the notional on those five-year figures, multiplying management-fee dollars and the capacity consumed.
- External allocations through separately managed accounts reached $47 billion, with the average allocation nearly $190 million, up 19% year on year, as Alternatives previously reported.
Multistrategy hedge funds grew assets over the 12 months to June 30 as institutional allocators returned, according to a Pensions & Investments report cited by Hedgeweek.
Goldman Sachs data in the report put 12-month volatility at 6.2% versus 11.3% for the wider hedge fund industry. Five-year volatility was 6.7% for multistrategy funds and 11.8% for the broader hedge fund universe.
A selector matching a broad hedge fund allocation's volatility with multistrategy funds would hold roughly 1.8 times the notional on those five-year figures, multiplying management-fee dollars and the capacity consumed.
External allocations through separately managed accounts reached $47 billion, with the average allocation nearly $190 million, up 19% year on year, as Alternatives previously reported.
Multistrategy funds ran at about half the industry's volatility
Annualised volatility over 12 months to June 30, 2026 and over five years, %
- 12-month
- 5-year
Select a row for its counts and shares.
Multistrategy
- 12-month6.2%35.4% of all 12-month
- 5-year6.7%36.2% of all 5-year
Broader hedge funds
- 12-month11.3%64.6% of all 12-month
- 5-year11.8%63.8% of all 5-year
Show as table
| Group | 12-month | 12-month share | 5-year | 5-year share |
|---|---|---|---|---|
| Multistrategy | 6.2% | 35.4% | 6.7% | 36.2% |
| Broader hedge funds | 11.3% | 64.6% | 11.8% | 63.8% |
Reported by the Hedge Funds & Liquid Alts desk from Hedgeweek, Pensions & Investments (cited by Hedgeweek) and Goldman Sachs data (cited by Pensions & Investments). Published . Corrections