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Opalesque Industry Update - Nearly 60% of hedge funds lost money in 2011, according to preliminary data from the HedgeFund Intelligence Database, which has received year end performance reports from 31% of its listed funds. The HedgeFund Intelligence Global Composite Index ended 2011 down 5.54% after a slight gain of 0.06% in December. That compares with a 0.06% loss for the MSCI World Index, which ended the year down 5.54%. The Global Equity Indexfell 0.30% in December, bringing it down 4.39% for the year. Emerging Market Equity funds fell 1.50%, making them the worst global performers of the month.
Managed Futures funds were down 2.52% for the year, the first time that index has produced a losing year, while Macro funds gained 1.56% in 2011, making it the only index to have never suffered a losing year (HedgeFund Intelligence began collecting data in 1998). Full performance table:Source |
