Before the credit storm hit financial markets in the summer of 2007, hedge fund indices continued their overall upward trend during the first half of the year. And, in keeping with their historical performance, hedge fund strategies continued to outperform the global equity markets.
From January 1998 until the end of July 2007, the HedgeFund Global Composite Index generated returns of 152.63%. Overall, the AsiaHedge Composite Index took the lead, partly due to the fact that the more volatile long/short equity strategies make up about 75% of that index. The Absolute Return Composite Index, with 168.49%, has benefited