Buoyed by huge gains in emerging equity markets last year, the EuroHedge Emerging Market Index posted the biggest gains of any strategy area in 2009. The index notched up further gains in December, posting a median gain of 2.61% on the month and a mean return of 2.53%. For the year, emerging market equity funds earned a median return of 38.91% and a mean return of just over 50%.
Several funds finished the year well into the triple digits, particularly those focused on Russia. The Russian Prosperity fund generated a stunning 195.15% return for the year after adding