BarclayHedge: Average Fund Up 24% In ‘09

Jan 19 2010 | 12:17pm ET

Hedge funds soared more than 24% in 2009, fueled by enormous gains posted by convertible arbitrage and emerging markets funds, BarclayHedge said.

The Barclay Hedge Fund Index added 24.14% last year. By BarlcayHedge’s measure, convertible arb. funds enjoyed an average return of 53.83% on the year, easily erasing its 27.66% drop from 2008, and thensome.

Emerging markets funds also did extremely well, with Barclay’s index added 44.4%. Distressed securities funds returned 32.78%. Neither have recouped their 2008 losses of 39.47% and 31.7%, respectively.

The Barclay Fund of Funds Index was up 10.18% last year.


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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