Tuesday, 24 November 2015
Last updated 6 min ago
Jan 25 2011 | 1:39pm ET
A late-year surge helped push the hedge fund industry up double-digits last year—as well as to the point of near-full recovery from the financial crisis.
The Morningstar 1000 Hedge Fund index jumped 4.04% in December. The benchmark finished the year up 10.36%.
"Hedge funds finished strongly in 2010, and most have now fully recuperated from 2008's hangover," Morningstar's Nadia Papagiannis said.
Distressed securities funds had the strongest year, rising 24.47% (3.53% in December). The next-best strategy was corporate actions, which jumped 19.4% (4.58% in Dec.). Other strong performers included developed Asia stock funds, which rose 14.58% (5.52% in Dec.), U.S. equity funds (13.41%, 4.12% in Dec.), emerging markets equity funds (13.28%, 3.72% in Dec.), U.S. small-cap equity funds (12.82%, 6.18% in Dec.) and global trend funds (12.28%, 7.35% in Dec.).
The only losing strategy in 2010 was short equity, which shed 2.03% (up 5.42% in Dec.) in a year in which the Standard & Poor's 500 Index advanced more than 15%.
The Morningstar Hedge Fund of Funds index returned 4.13% on the year (2.93% in Dec.).
Morningstar also said that, through November, hedge funds had taken in some $2.7 billion in net inflows, thanks to a whopping $3.8 billion in inflows in November.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…