Saturday, 22 October 2016
Last updated 6 hours ago
Jan 10 2007 | 10:28am ET
Last year was the best for hedge funds since 2003, according to early estimates for HedgeFund.net’s indices.
The HFN Hedge Fund Aggregate Average rose 1.36% in December to finish the year up nearly 12%. Though trailing the Standard & Poor’s 500 Index, which rose 13.62% last year, hedge funds have not returned so much on average since 2003, when they rose more than 21%.
Emerging markets were the best performing strategies in 2006, according to HFN, with a 21.72% return on the year after rising 2.84% in December.