Wednesday, 29 July 2015
Last updated 6 hours ago
Jan 8 2014 | 12:27pm ET
Hedge funds returned 8.99% last year, according to a widely-followed industry index.
December's Santa Claus rally failed to lift the Greenwich Global Hedge Fund Index into double-digit territory. The benchmark rose just 0.94% on the month, which saw the Standard & Poor's 500 Index rise 2.53%.
For the year, the S&P500 was up more than 30%.
Long/short equity was the best-performing strategy of 2013, adding 14.41% on the year, according to Greenwich Alternative Investments. Event-driven funds came in second at 14.04% but was the best strategy in December, up 1.34%.
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…