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Global financial markets posted mixed performance through mid-December as investors positioned for new policies by the incoming administration, and continued uncertainty regarding the near-term past of US inflation and interest rates. Global equity markets also posted mixed performance with gains concentrated in the technology sector offset by the small-cap, energy, and healthcare sectors. Interest rates increased across all maturities, while the US dollar gained against most currencies. Commodities posted a mixed performance, most notably gains in Oil offset by a decline in Natural Gas.

The HFRI-I Liquid Alternative UCITS Index gained +0.53% through mid-December.

Comments reference performance figures as of December 16th, 2024