Hedge Funds Finish 2009 With a Bang

NYT – For the global hedge fund industry, 2009 marked one of best years of performance in close to a decade, The Financial Times reported, citing industry data.

On average, hedge funds booked 19 percent returns last year, according to Hedge Fund Research. (The newspaper noted that other leading hedge fund performance trackers showed average returns of between 12 and 18 percent, after fees.)

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