Nearly 60% of hedge funds lost money in 2011

By Josh Friedlander

Mon Jan 9, 2012

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Full index stats and benchmarks for December hedge fund performance are now live from HedgeFund Intelligence.


Nearly 60% of hedge funds lost money in 2011, according to preliminary data from the HedgeFund Intelligence Database, which has received yearend performance reports from 31% of its listed funds.

The HedgeFund Intelligence Global Composite Index ended 2011 down 1.91% after a slight gain of 0.06% in December. That compares with a 0.06% loss for the MSCI World Index, which ended the year down 5.54%. The Global Equity Index fell 0.30% in December, bringing it down 4.39% for the year.

Emerging Market Equity funds fell 1.50%, making them the worst global performers of the month.

Managed Futures funds were down 2.52% for the year, the first time that index has produced a losing year (HedgeFund Intelligence began collecting data in 1998).

Macro funds gained 1.56% in 2011, making it the only index to have never suffered a losing year.

HedgeFund Intelligence Indices

Median Hedge Fund Returns by region

Region Database
(click for full stats)
December YTD
Asia AsiaHedge -0.31% -5.70%
Europe EuroHedge 0.19% -2.45%
U.S. AR 0.05% -0.50%
UCITS Absolute UCITS -0.14% -3.69%
Funds of Funds InvestHedge -1.20% -5.04%
Global Composite HedgeFund Intelligence 0.06% -1.91%

Global Benchmarks

Index December YTD
MSCI World Index -0.06% -5.54%
Dow Jones Industrial Average 1.43%
5.53%
S&P 500*
1.02% 2.11%
NASDAQ Composite -0.58% -1.80%
MSCI Europe Index 0.98% -9.34%
MSCI Pacific Free Index 0.16% -13.74%
Barclays High Yield Credit Bond Index 2.66% 4.98%
Barclays Aggregate Bond Index 1.10% 7.86%
 total return

HedgeFund Intelligence data associate Amal Robleh contributed to this article.

About HedgeFund Intelligence

HedgeFund Intelligence is the largest provider of hedge fund news and data in the world, offering a range of products to the global hedge fund industry, its investors and related companies.

Our publications include AsiaHedge, EuroHedge, InvestHedge, AR and Absolute UCITS, which together provide comprehensive global coverage of hedge funds and their investors. Our databases list information on more than 13,000 hedge funds and funds of funds worldwide, allowing subscribers to search and sort by performance, size, investment terms, vendors employed and many other criteria. Using the performance reported by funds in our databases, HFI produces free hedge fund indices that are the industry's most accurate benchmarks. Our frequent special reports include in-depth analyses of various regions and sectors. Our conferences are renowned for the quality of the speakers and programming, and our objectively-determined annual awards are regarded as the most prestigious and accurate recognition of risk-adjusted performance.

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