Strategy Insight

Rising M&A: Private Equity Insights Drive A Hedge Fund Rotation

26 Feb 2026

by Brian Payne, Chief Strategist

M&A activity finally reaccelerated in Q4 2025—it’s just the start. Macro Hedge Funds have outperformed with top-decile performance from Discretionary Macro—but that’s towards the end. We move Macro from overweight to underweight and Event Driven from neutral to overweight.

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