HFR is pleased to present a special report providing the foundation for quantitative analysis on the performance of hedge funds through the lens of which U.S. political party administration held the office of President and majority in Congress. This dataset and report is provided for informational purposes only, offering quantitative insights that indicate no preference toward any political party or economic agenda.
Spanning data from January 1990 through September 2026, the report presents historical returns across different political cycles and government compositions.
Midterm Edition Highlights:
Year 2 Performance Effect: Historical performance data throughout a president’s term showing that Year 2 historically coincided with the lowest average annual hedge fund performance.
Post-Election Returns: Historical fourth-quarter performance data showing performance following a midterm election.
Congressional Composition: Performance comparisons of hedge fund performance under a unified Congress and a split Congress.
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