January 10th, 2008
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FINalternatives - The average hedge fund managed double-digit returns—just—last year, according to figures from Hedge Fund Research.
The firm’s HFRI Fund Weighted Composite Index returned 10.36% for 2007 after a 0.68% rise in December. Funds of funds trailed, but not by much, adding 9.94% last year following a 0.1% return last month.
As far as individual strategies go, there are emerging market funds, and then there’s everybody else. E.M. blew all other comers out of the water, returning 24.91% on the year (1.75% in December). Funds focused on Asia, in particular, had a stellar 2007, soaring 35.88%. The strategy’s 2.82% December return was also tops among those tracked by HFR.
Energy hedge funds also enjoyed a successful 2007, returning 16.47% (1.95% in December). Technology funds also posted strong returns, adding 15.68% on year, though the strategy fell 0.46% last month.
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