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Hedge fund phoenix is rising
16 February 2010
The hedge fund industry has been through a transformational crisis and has come out with improved business and operational models
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[Hedge funds]
[transformational crisis]
Global hedge funds are in the pink. It seems that wherever you look, the data is positive. Hedge funds have delivered the best results since 2003, up 20% in 2009, according to Eurekahedge. The Hennessee Hedge Fund Index gained +24.6% in 2009, while the S&P 500 advanced +24.7%, the Dow Jones Industrial Average returned +18.8%, and the NASDAQ Composite Index jumped +43.9%. This at a time when bonds also made gains, as the Barclays Aggregate Bond Index rose +5.9%, while the Merrill Lynch High Yield Master II Index gained an impressive +57.5%.
Eurekahedge data shows long/short equity managers posted the highest returns in a decade, gaining 24% in 2009. Asia ex-Japan funds and global-investing event driven funds had their best respective years ever – both up almost 40% over 2009. Just under a third (30%) of all hedge funds climbed back above...
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