Friday, 29 May 2015
Last updated 19 min ago
Jan 15 2010 | 1:05pm ET
Hedge funds posted their best year in six in 2009, rising more than 19%, according to Eurekahedge.
The Eurekahedge Hedge Fund Index ended last year up 19.37% after an estimated 1.07% return in December. It’s the index’s best performance since 2003, when it rose more than 21%, and a welcome turnaround from 2008, when the index fell 11%.
Eastern European and Russian hedge funds did best last year, soaring 60.49% (1.23% in December). Long-only absolute return funds also did well amidst the equity market rally, rising 46.85% (3.03%).
Emerging markets funds added 34.18% (1.7%), Latin American funds 26.32% (1.26%), Asian funds 26.13% (2.18%) and North American 23.44% (1.89%).
Japanese hedge fund did worst off all, adding just 6.84% (1.8% in December).
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…