Revived Composite posts a healthy 9.21% YTD


The fund of hedge funds industry regained its performance crown in 2009, ending the year up 9.21%, according to the InvestHedge Fund of Hedge Funds Composite, albeit on a much smaller asset base.

The month of December itself was up 0.65% on average, with the Global Multi-Strategy median up 0.76%, taking the year-to-date global multi-strategy returns to a healthy 11.39%.

Most of the equity markets rallied, giving the December equity composites a boost. The Global Equity median was up 1.13% for December and 10.89% for the full year, largely boosted by the performance of individual managers in markets