Hedge Funds

Hedge funds close 2012 with strong December

by Amal Robleh

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