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 fundsí sector, outperformed the last three years, which included the 2008 crisis.