Hedge Funds End Wretched Year With Uptick
At the other end of the spectrum were indexes weighted in energy and materials, which dropped 36.9%. Fixed-income convertible arbitrage funds were down 34.6%, and equity hedge indexes were off 26.4%.
Lee Hennessee, managing principal of Hennessee Group, took pains to note that while the sector at large had a sharp decline, it still beat the broad markets by nearly 20 percentage points. "On a relative basis, hedge funds continue to prove themselves as an attractive asset class, generating a better risk-adjusted return than traditional money management," said Hennessee.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
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