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Edhec-Risk Alternative Indexes show commodities hedge funds ahead in December

Tuesday, January 18, 2011
Opalesque Industry Update - Global CTA strategies achieved a return of 4.53% over December 2010, ending the year with a year to date return of 10.0% according to the Edhec-Risk Indexes. According to the institute, this was its best score since May 2008 as commodities managed a fourth consecutive month of profitability and returned to the level they reached before the 2008 crash.

After Distressed Securities, Convertible Arbitrage was the best performer for the year of 2010 with a gain of 12.23%. December saw a rebound in convertible bonds and a renewed increase in the credit spread which contributed to the gains in the sector.

2010 saw none of the hedge fund strategies outperform the S&P 500 index over the year, which ended up 15.06%, but all, apart from the fund of funds’ sector, outperformed the last three years, which included the 2008 crisis.

Source

bc

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