Funds of Hedge Funds Performance

FRM Sigma picks 2008 strategy winners


With global macro, managed futures and commodity trading advisors the heroes in 2008, up on average 3.52% according to the InvestHedge Composite, the $699 million FRM Sigma Fund managed to harness many of the winners.

The fund, which is run by Financial Risk Management, was up 2.47% in December to take the year-to-date numbers to 33.27%. In all of 2008, the fund only had three down months, with October proving to be the top-performing month, up 8.99%. The most profitable trade in the foreign exchange sector was the long US dollar/yen trade, but overall long positions in fixed