Several strategies suffered their worst year in at least a decade, posting losses in the double digits, according to early estimates.
The Absolute Return U.S. Equity Composite fell an estimated 14.32% in 2008, by far its worst year ever, according to the HedgeFund Intelligence database, which records hedge fund performance extending back to 1998. The second-worst year for the U.S. Equity Index was 2002, when it gained 1.60%.
The Convertible & Equity Arbitrage also suffered its worst year in at least a decade, falling 26.58% in 2008. That Index lost 1.09% in 2005, but had not lost money