Funds of Hedge Funds Performance

Brand names hit hard in a year of market turmoil


In what was easily the worst year since the InvestHedge Composite began, the median was down by 16.63%, with many of the industry's well-known names falling over 20%.

A handful of funds did well to stay within or close to positive territory. Culross Global ended the year up 3.23% after a 2.55% gain in December and Lyxor StarHedge Master Fund was up 4.03% over 12 months following 1.05% month. SSARIS Multi-Manager Absolute Return also did well to stay flat with -0.07 return for 2008, after a 0.13% fall in December, and Rembrandt Partners was off by 5.68%, following