Despite a solid last couple of months, hedge funds broadly
speaking turned in lackluster results for 2005, according to
preliminary research by Absolute Return. After a 0.79%
December gain, the Absolute Return Composite Index
wound up the year at 5.6%, its worst annual performance on
record. The Composite has averaged annual returns of 10% since
its 1998 introduction.
Overall, hedge funds turned in their best...