Performance

Hedge funds still rule over the longer term, says KPMG

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From 1994 to 2011 hedge funds significantly outperformed traditional asset classes such as equities, bonds and commodities, according to a new study by The Centre for Hedge Fund Research at Imperial College in London. 

The research was commissioned by KPMG and the Alternative Investment Management Association. The report, entitled, “The Value of the Hedge Fund Industry to Investors, Markets and the Broader Economy”, found that per annum hedge funds returned 9.07% on average after fees between 1994 and 2011, compared to 7.18% for global stocks, 6.25% for global bonds and 7.27% for global commodities. 

Hedge funds achieved these returns with