The hedge funds industry gained 10.70%, the largest annual return since 2013 when the Barclay Hedge Fund Index gained 11.12%. By comparison, the S&P 500 Total Return Index posted a 31.49% return in 2019.

BarclayHedge reported that hedge funds finished 2019 on a high note in December, posting an industrywide 1.73% return for the month. By comparison, the S&P 500 To