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Global hedge fund performance for 2010 at 8.08% (est) - Hedge Fund Intelligence

Friday, January 07, 2011
Opalesque Industry Update - 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).

Americas, Europe, Asia
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.

The performance figures represent the median returns for the HFI Indices. These are *early estimates* that were accurate as of 8am EST today. For the latest performance figures, or to see the average (mean) returns for these indices, please visit the landing pages for each index (linked below):

Global Composite
2010 December: 2.3%
2010 YTD: 8.08%

Americas (AR Magazine Indices) Composite
Source
2010 December: 2.31%
2010 YTD: 9.44%

Asia (AsiaHedge Indices) Composite
Source
2010 December: 2.46%
2010 YTD: 7.64%

Europe (EuroHedge Indices) Composite
Source

2010 December: 2.23%
2010 YTD: 6.68%

Funds of funds (InvestHedge Indices) Composite
Source

2010 December: 1.97%
2010 YTD: 5.00%

UCITS (Absolute UCITS Indices) Composite
Source

2010 December: 1.13%
2010 YTD: 3.75%

(press release)

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