The fund of hedge funds industry regained its performance
crown in 2009, ending the year up 9.21%, according to the
InvestHedge Fund of Hedge Funds Composite, albeit on a much
smaller asset base.
The month of December itself was up 0.65% on average, with
the Global Multi-Strategy median up 0.76%, taking the
year-to-date global multi-strategy returns to a healthy
Most of the equity markets rallied, giving the December
equity composites a boost. The Global Equity median was up
1.13% for December and 10.89% for the full year, largely
boosted by the performance of individual managers in markets
such as the US and Europe.
US equity funds of hedge funds had a great month, up 1.41%
with a year-to-date return of 12.36%, according to the
InvestHedge US equity medians. European equity funds of funds
were the equity laggards, up 0.88% with year-end performance