Hedge Funds Performance
Hedge Funds Performance Falls Further in End of 2011
Hedge funds sank almost 5% last year amidst market volatility and the European sovereign debt crisis.
The Bloomberg Aggregate Hedge Fund Index ended 2011 down 4.9% after a 0.9% decline in December. By contrast, the Standard & Poor's 500 Index ended the year essentially flat.
Most of the industry's losses were suffered in September, when the Bloomberg index fell 4.7%.
Among major hedge fund strategies, long/short equity funds suffered the worst December, falling 1.6% to end the year down 6%. For the year, macro funds did even worse, losing 6.5% despite a 0.3% jump last month. Multistrategy funds lost 1.1% in December and 2.9% in 2011. Source