European funds end a challenging year in 2011 on a flat note


With December performance numbers now in for just over two-thirds of the funds that report to the EuroHedge database, it is clear that the final month of the year provided a flat end to a very challenging and tough year for the majority of European hedge fund managers.

The EuroHedge Composite Index median return across all investment strategies is currently showing a small provisional loss of 0.06% for the month, giving a median return for the calendar year of -2.7%.

Compared with the very high levels of dispersion seen earlier in a year that has been marked by