Ending a turbulent year, managed futures funds notched a 0.23% net gain for December to close the year up a mere 4.32%, according to the Absolute Return CTA Index. Campbell & Co. fared well with bets in the currency market. Both of the firm's funds finished ahead of the median, with Global Asset Fund up 9.15%* for the year and FME Large Portfolio up 5.56%.
Among the hardest hit in 2006 were the portfolios run by John W. Henry, as only two of its platforms reported positive returns. The firm's worst performer was Global Diversified Portfolio, which lost