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Feature: Hedge fund phoenix is rising
16 February 2010
The hedge fund industry has been through a transformational crisis and has come out with improved business and operational models
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hedge funds
Eurekahedge
Hennessee
Global hedge funds are in the pink. It seems that wherever you look, the data is positive. Hedge funds have delivered the best results since 2003, up 20% in 2009, according to Eurekahedge. The Hennessee Hedge Fund Index gained +24.6% in 2009, while the S&P 500 advanced +24.7%, the Dow Jones Industrial Average returned +18.8%, and the NASDAQ Composite Index jumped +43.9%. This at a time when bonds also made gains, as the Barclays Aggregate Bond Index rose +5.9%, while the Merrill Lynch High Yield Master II Index gained an impressive +57.5%.
Eurekahedge data shows long/short equity managers posted the highest returns in a decade, gaining 24% in 2009. Asia ex-Japan funds and global-investing event driven funds had their best respective years ever – both up almost 40% over 2009. Just under a third (30%) of...
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