In what was easily the worst year since the InvestHedge
Composite began, the median was down by 16.63%, with many of
the industry's well-known names falling over 20%.
A handful of funds did well to stay within or close to
positive territory. Culross Global ended the year up 3.23%
after a 2.55% gain in December and Lyxor StarHedge Master Fund
was up 4.03% over 12 months following 1.05% month. SSARIS
Multi-Manager Absolute Return also did well to stay flat with
-0.07 return for 2008,...