Saturday, 30 May 2015
Last updated 19 hours ago
Jan 8 2014 | 10:44am ET
Hedge funds rose just 0.1% to close out a very disappointing 2013, according to an industry index.
The Bloomberg Hedge Funds Aggregate Index returned 7.4% last year—while the Standard & Poor's 500 Index soared 30%. It is the benchmark's fifth-straight year trailing the broad-market index.
Last year's gap between the Bloomberg index and the S&P is the largest since 2005.
Long/short equity funds returned 11% in 2013, according to Bloomberg, following a 1.1% December bump. Multi-strategy funds ended the year up 6.8% after returning 0.9% last month, but macro funds lost 2.2% on the year in spite of a 0.9% jump 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…