Hedge Fund Strategy Outlook Q3 2025 — Navigating Diverging Market Themes

This report presents UGA’s Q3 2025 hedge fund strategy outlook, offering insights into performance drivers and allocation shifts across strategies.

• Macro funds benefit from volatility in rates, FX, and commodities, with opportunities in dislocations from tariff-related uncertainty.

• Equity long/short managers face challenges from concentrated market leadership but find relative value in sector and regional divergences.

• Credit and event-driven strategies gain traction as dispersion increases, with structured opportunities emerging in distressed and special situations.

For a deeper understanding of positioning and risk-adjusted opportunities, explore the full report.