Before the credit storm hit financial markets in the summer
of 2007, hedge fund indices continued their overall upward
trend during the first half of the year. And, in keeping with
their historical performance, hedge fund strategies continued
to outperform the global equity markets.
From January 1998 until the end of July 2007, the HedgeFund
Global Composite Index generated returns of 152.63%. Overall,
the AsiaHedge Composite Index took the lead, partly due to