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Komfie Manalo, Opalesque Asia:

Equity-related hedge fund strategies posted their best annual performance in four years in 2013 as the HFRX Equity Hedge Index posted a gain of +1.25% for December and ended 2013 with a gain of +11.14%, data tracker Hedge Funds Research said in its December 2013 performance report.

It added that the HFRX Market Directional Index gained +0.89% for December and +9.50% for 2013, also the best Index annual performance since 2009. The HFRX Global Hedge Fund Index gained +0.56% for December and +6.72% for 2013.

"HFRX Fundamental Value Index gained +1.39% for the month, gaining +16.1% for the year, the best annual performance since 2005. HFRX Fundamental Growth Index gained +1.21% for the month, with contributions from Emerging Asia and Global Healthcare, while HFRX Market Neutral Index gained +0.17% for the month, ending the year with a 3rd consecutive monthly gain," the report added.

Across the globe, the financial markets posted mixed gain last month, t......................

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