Fixed income finishes 8.98% for the year


For funds of hedge funds 2010 ended with a median return of 4.86% – half of what the fund of hedge funds industry had returned in 2009. December, however, was a fiery month with a rally pushing returns up by 1.84%, reflecting the global multi-strategy median return for the month of 1.83%. For the year, global multi-strategy was up 5%. For the year, the top performing strategy was fixed income, up 8.98%, with the December median for fixed income funds of funds up 1.83%. In a year when the S&P was up just more