Hedge fund CFM reports double digit returns in Stratus and Discus funds - source

LONDON, Jan 5 (Reuters) - Hedge fund CFM (Capital Fund Management) posted double digit returns in two of its funds for the year 2023, said a source on Friday.

The $12.5 billion hedge fund, famous for its systematic strategies returned, last year, 14.82% in its Discus and 11.31% in its Stratus funds, the source said.

Global hedge funds in 2023 averaged a 5.7% return in the year through November, according to hedge fund research firm PivotalPath. Equities and credit-focused strategies were the best performers, while macro and managed futures lagged. (Reporting by Nell Mackenzie, Editing by Louise Heavens)