Text size [+][-] Wednesday January 7 2009GLOBAL EDITION
Home > Hedge funds
By Richard Beales
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The average hedge fund made a loss of 0.75% after fees in the first half of 2008, according to Hedge Fund Research. The worst-performing strategies included convertible bond arbitrage and those rooted in Asian markets, while the best included some macro strategies and short-biased equity funds. The loss was the weakest first-half performance since at least 1990, but funds have had worse second-half returns, according to HFR. The S&P 500 index of US stocks fell about 13% in the first half of 2008.
richard.beales@breakingviews.com
