Performance: Funds reel but still outperform

Wed Oct 29, 2008

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It has been a difficult period over the past year for hedge funds globally, particularly those involved in equity, event-driven and convertible strategies, and specifically in Asia and emerging markets.

The overall performance of the industry, as measured by the HedgeFund Intelligence Global Composite index, was not great to the end of August 2008. Nevertheless, average NAVs remained slightly above the level of a year earlier.

This further widened the degree...

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