With over 1,000 funds having reported December performance,
the Absolute Return Indices reveal that U.S hedge
funds ended the year on a flat note.
Updated preliminary figures show that the Absolute
Return Composite gained a mere 0.45%, in December, taking
its year-to-date return to 8.56%. By the end of the first
half of the year, the index was up 6.22%, highlighting the fact
that most funds built up the majority of their returns in the
first half of 2007.
The only index to have profited from the turbulent markets
of the second half of the year was the Absolute Return
Commodities Index, which gained an estimated 4.11% for
December, to finish the year up 17.76%. This gave the
Commodities Index a gain of 11.94% for the latter half of
As market uncertainty set in after the summers strife,