Hedge funds had their fourth worst first half in more than 20 years according to the Hennessee Group. Though hedge funds outperformed the major stock averages in the first half of 2010, .2% vs -7%, it still ranked among the worst first half performances. In 2009, the Hennessee Hedge Fund Index was up over 11% January through June. In 2008, one of the worst years for hedge funds given the broad market declines, hedge funds were down over 2% through June and finished the year down 19.9%.
The best performing hedge fund sectors in 2010 have been the debt categories with Fixed Income up 5.69%, High Yield up 4.42%, and Distressed up 3.87%. This comes amid tightening spreads between high yield debt and government securities.
The worst performing hedge fund strategies in 2010 are, somewhat unsurprisingly, Europe funds down 6.46%, Health Care down 2.85%, and Growth down 1.95%.
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Showing posts with label Hennessee Hedge Fund Index. Show all posts
Showing posts with label Hennessee Hedge Fund Index. Show all posts
4.08.2009
Hennessee Hedge Fund Returns for 2009
As hedge fund indeces have different makeups and calculations we are providing a variety of hedge fund performance charts.
Hennessee Hedge Fund Index April 2009
Hennessee Hedge Fund Index April 2009
2009 (Net) | YTD | YTD RANK | JAN | FEB | MAR |
| Hennessee Hedge Fund Index | 1.09% | - | 0.69% | -0.95% | 1.37% |
| Long/Short Equity Index | 1.01% | - | 0.68% | -1.25% | 1.60% |
| Arbitrage/Event Driven Index | 3.38% | - | 2.14% | -0.12% | 1.34% |
| Global/Macro Index | -1.36% | - | -0.82% | -1.28% | 0.74% |
| Asia-Pacific Index | -3.40% | 23 | -2.49% | -1.30% | 0.37% |
| Convertible Arbitrage Index | 9.52% | 1 | 4.15% | 1.80% | 3.30% |
| Distressed Index | -0.64% | 17 | 1.35% | -2.59% | 0.64% |
| Emerging Markets Index | 1.94% | 10 | -0.56% | -0.02% | 2.53% |
| Europe Index | -1.84% | 21 | -1.47% | -1.16% | 0.80% |
| Event Driven Index | 1.07% | 13 | 0.73% | -1.28% | 1.64% |
| Financial Equities Index | 3.68% | 6 | 2.04% | 1.38% | 0.22% |
| Fixed Income Index | 4.75% | 2 | 2.60% | 1.11% | 0.97% |
| Growth Index | 0.01% | 16 | 0.00% | -1.93% | 1.98% |
| Healthcare and Biotech Index | 0.53% | 15 | 0.95% | -3.22% | 2.89% |
| High Yield Index | 2.41% | 8 | 1.45% | 0.11% | 0.83% |
| International Index | -2.82% | 22 | -0.58% | -2.73% | 0.49% |
| Latin America Index | -0.98% | 19 | 1.96% | -2.30% | -0.60% |
| Macro Index | -0.80% | 18 | 0.47% | -1.18% | -0.08% |
| Market Neutral Index | 1.55% | 12 | 1.05% | 0.00% | 0.50% |
| Merger Arbitrage Index | 0.96% | 14 | 0.32% | 0.00% | 0.63% |
| Multiple Arbitrage Index | 4.74% | 3 | 3.64% | 0.45% | 0.61% |
| Opportunistic Index | 3.62% | 7 | 2.83% | -1.44% | 2.23% |
| Pipes/Private Financing Index | 1.58% | 11 | 0.57% | -0.44% | 1.45% |
| Short Biased Index | 1.94% | 9 | 3.78% | 3.73% | -5.31% |
| Technology Index | 3.89% | 5 | 0.47% | -0.49% | 3.91% |
| Telecom and Media Index | 4.53% | 4 | 2.35% | 1.64% | 0.67% |
| Value Index | -1.37% | 20 | -0.48% | -2.47% | 1.62% |
| Dow Jones Industrial Average | -13.30% | - | -8.84% | -11.72% | 7.73% |
| Barclays Aggregate Bond Index | 0.12% | - | -0.88% | -0.38% | 3.31% |
| MSCI EAFE (USD) Price Index | -14.64% | - | -9.88% | -10.54% | 5.87% |
| NASDAQ | -3.07% | - | -6.38% | -6.68% | 10.94% |
| Russell 2000 | -15.36% | - | -11.20% | -12.23% | 8.67% |
| S&P 500 Index | -11.67% | - | -8.57% | -10.99% | 8.54% |
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