Hedge Funds Performance

Hedge funds dive below high-water marks again


Only 38% of funds were above water in 2011, compared with 73% in 2010.

  Funds above their high-water marks by year
Hedge fund high watermarks from 2008 through 2011
  Key: + Above HWM / - Below HWM
(+/- do not denote performance)
Source: HedgeFund Intelligence database.
Fewer funds were above their high-water marks last year than even in 2008, according to a recent analysis of returns from Americas-based hedge funds reporting to the HedgeFund Intelligence database.

The widespread, if shallow, losses of 2011 resulted in a stark decline in the number of funds earning performance fees, and