GLOBAL - Emerging markets took the lion's share of returns for the second consecutive month, according to latest figures from the CSFB/Tremont Hedge Fund Index.
The sector outperformed the other eight categories in December by finishing the month on a 4.8% return figure.
Overall, the index was up 1.2% for the month and 4.4% for the year, surpassing all global indices including the Nasdaq, S&P 500, the MSCI World and US$ indices, and the Dow Jones.
Commenting on the results, Robert Sloan, CEO of Credit Suisse First Boston Tremont Index, said: “During December, driven by opportunistic strategies such as global macro and emerging markets, investors benefited from a 1.2% return.”
The global macro index redeemed itself in 2001, according to Tremont Advisers, up 18.4%.
Overall, The CSFB/Tremont Hedge Fund Index has returned 141.17% for the 96-month period since inception in 1994. The CSFB/Tremont Hedge Fund Index is comprised of 369 funds. By Madhu Kalia
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