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NEWS BULLETIN January 28, 2024 Did Israeli Hedge Funds Achieve Double-Digit Returns in 2023 Despite Market Volatility? According to a recent report by Investorempires.com, Israeli hedge funds managed to achieve impressive double-digit returns in 2023, even amidst substantial market volatility. The article highlights how overseas stock exchanges experienced significant gains while the Tel Aviv Stock Exchange (TASE) lagged behind due to judicial reforms, widespread protests, and the outbreak of a war. The TASE's tepid performance was in stark contrast to the remarkable success of Israeli hedge funds. Despite the challenging conditions, these funds demonstrated resilience and generated substantial profits. The report emphasizes that the achievement of double-digit returns in such a volatile market environment is a noteworthy feat. The article attributes the hedge funds' success to their ability to navigate the turbulence and seize opportunities. Israeli hedge funds displayed astute investment strategies, taking advantage of market fluctuations and capitalizing on emerging trends. Their performance serves as a testament to their expertise and adaptability. The report further underscores the significance of Israeli hedge funds' accomplishments by highlighting the substantial gains observed on overseas stock exchanges. These exchanges witnessed remarkable growth, with stocks rising by tens of percentage points. This divergence between international markets and the TASE underlines the unique challenges faced by Israeli investors. Investorempires.com's analysis sheds light on the factors that contributed to the underperformance of the TASE. The judicial overhaul and subsequent public protests against it, coupled with the outbreak of war in October, created an environment of uncertainty that weighed on the local stock exchange. However, despite these obstacles, Israeli hedge funds managed to overcome adversity and deliver impressive returns. In conclusion, Israeli hedge funds achieved remarkable double-digit returns in 2023, surpassing the performance of the Tel Aviv Stock Exchange. Their success can be attributed to their ability to navigate market volatility, capitalize on emerging trends, and seize opportunities. This achievement serves as a testament to the resilience and expertise of Israeli hedge fund managers in the face of challenging market conditions. Note: The information provided in this news bulletin is based on the article "Israeli hedge funds average double-digit returns in 2023" published by Investorempires.com.