Hedge Funds Add 0.99% In Dec.

Jan 7 2013 | 12:53pm ET

Hedge funds ended 2012 with broad-based gains, according to the Dow Jones Credit Suisse Core Hedge Fund Index.

The benchmark returned 0.99% in December.

All seven of the strategies tracked by the Dow Jones Credit Suisse suite were up last month. Event-driven funds and emerging markets funds did best, rising 2.14% and 1.34%, respectively. Managed futures funds brought up the rear with a 0.15% return in December.

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    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…