7 Jan 2011
Hedge fund performance lagged the equity markets last year despite most strategies earning substantial profits in December. The HedgeFund Intelligence Global Composite Index, which tracks nearly 4,000 single-manager hedge funds, produced a median gain of 8.08% in 2010 against a 11.76% rise in the MSCI World Index (net).
Funds in the Americas rose 9.44% in 2010, against a 12.78% gain for the S&P 500 Index. European funds gained 6.68% against a 3.88% gain for the MSCI Europe Index (net). Asian funds gained 7.64% against a rise of 15.92% for the MSCI Pacific Free Index (net).
Event-driven hedge funds were the best performers globally, gaining 10.38% in 2010. Macro funds fell into last place globally, rising only 5.16% for the year.
Hedge funds continue to outperform equity indices over a longer time span. The Global Composite gained 102.59% over the past decade, while the MSCI World Index (net) was up 25.62% and the S&P 500 Index declined 4.74% over the same period.
Funds in the Americas rose 9.44% in 2010, against a 12.78% gain for the S&P 500 Index. European funds gained 6.68% against a 3.88% gain for the MSCI Europe Index (net). Asian funds gained 7.64% against a rise of 15.92% for the MSCI Pacific Free Index (net).
Event-driven hedge funds were the best performers globally, gaining 10.38% in 2010. Macro funds fell into last place globally, rising only 5.16% for the year.
Hedge funds continue to outperform equity indices over a longer time span. The Global Composite gained 102.59% over the past decade, while the MSCI World Index (net) was up 25.62% and the S&P 500 Index declined 4.74% over the same period.
