Hedge funds close 2012 with strong December

By Amal Robleh

Wed Jan 9, 2013

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Every strategy in the Absolute Return Composite in-the-money for the month.

Hedge funds excelled in December, with most Absolute Return indices up and many exceeding broader market benchmarks. Overall, the HedgeFund Intelligence Global Composite Index gained 1.01%. U.S. equity funds rose 1.35%, beating the 0.91% return of the S&P 500.

Every Americas hedge fund strategy tracked by the database made money for the month. Particularly strong subsets included event driven, credit and Latin American debt and equity. Even commodities funds, which suffered by any metric a hellish 2012, managed to eke out a positive month, returning 0.30%.  

Note: These indices were accurate as of Jan 9. For the most recent performance statistics, please click on the links in the table below to the individual databases. For a complete list of the top performing funds in each strategy, please visit the  HedgeFund Intelligence database.

Absolute Return Indices

Index December YTD
U.S. Equity 1.35% 6.20%     
Managed Futures 0.96% -0.75*
Multistrategy 0.42% 7.93%
Event Driven 1.50% 10.38%
Macro 0.91% 3.55%
Latin American Equity 2.12% 10.56%
Composite 0.96% 6.42%

HedgeFund Intelligence Indices
Median Hedge Fund Returns by region

December YTD
Asia AsiaHedge
2.19%  6.82%
Europe EuroHedge
0.74% 4.58%
U.S. Absolute Return
0.96% 6.42%
0.69% 3.89%
Funds of Funds InvestHedge
1.21% 4.10%
Global Composite HedgeFundIntelligence
1.01% 5.88%

Global Benchmarks

Index December YTD
MSCI World Index 1.88% 15.83%
Dow Jones Industrial Average 0.60% 7.26%
S&P 500*
0.91% 15.99%
NASDAQ Composite 0.31% 15.91%
MSCI Europe Index 1.38% 15.61%
MSCI Pacific Free Index 4.11% 14.42%

* total return

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 AsiaHedgeEuroHedgeInvestHedgeAbsolute Return and Absolute UCITS, which together provide comprehensive global coverage of hedge funds and their investors. Our  databases list information on nearly 15,000 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.

For more information about HedgeFund Intelligence or any of its data, indices, newsletters & magazines, special reports or events, please contact Neil Wilson via email (nwilson@hedgefundintelligence.com) or at +44 (0) 20 7779 7359.