Eureka: Eastern European, Long-Only Funds Tops In 2009

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).

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...