2007 gains were heavily weighted to the first half of the year


With over 1,000 funds having reported December performance, the Absolute Return Indices reveal that U.S hedge funds ended the year on a flat note.

Updated preliminary figures show that the Absolute Return Composite gained a mere 0.45%, in December, taking it’s year-to-date return to 8.56%. By the end of the first half of the year, the index was up 6.22%, highlighting the fact that most funds built up the majority of their returns in the first half of 2007.

The only index to have profited from the turbulent markets of the second half of the year was the Absolute