Miami, FL - 01/31/2023
Crystal's Hedge Fund Platform Outperformed Markets in 2022, Company Data Shows
Award-Winning Alternative Investment Platform from Crystal Capital Partners, LLC Experienced Strong Performance & Double-Digit Growth
Steven Brod, CEO of Crystal Capital Partners, said, "For many investors, 2022 was one of the toughest in terms of the environment. Stocks and bonds were down, and global macro challenges dominated the economic terrain. In a year defined by uncertainty, with more than 50 active private market and hedge funds listed, the platform was able to provide an extensive selection of alternative investment solutions that delivered positive returns."
In 2022, Crystal's Hedge Fund Platform generated net positive returns of 3.83%, outperforming the HFRI Fund Weighted Composite Index (-4.25%), the HFR FOF Index (-4.7%), and the S&P 500 Total Return Index (-18.1%). Crystal's total AUM grew by 20%, as the firm witnessed a 32% growth in new advisory relationships.
Crystal onboarded five new hedge funds to the platform in 2022. Crystal's platform assets were majority allocated (54%) to institutional multi-strategy hedge funds, while the rest remained extremely diversified among global macro, long/short equity, distressed securities, relative value, and event-driven strategies.
In addition to increasing the number of hedge funds available on its platform, Crystal onboarded 17 new private market funds, with growth equity the biggest allocation by strategy, followed by buyout, private credit, venture, and real assets.
Crystal's investment team, led by Mr. Brod who has been sourcing institutional alternative investment managers for over two decades, guided the way for the platform's recent onboarding. Additionally, Crystal strives for a conflict-free manager selection process when onboarding some of the largest and established managers the industry has to offer while not receiving any fees or kickbacks for their selection. The roster is carefully curated based on the merit of a manager's respective strategies, and their proven ability to perform throughout multiple market cycles.