Hedge fund performance had its worst year ever in 2002, according to two indexes. The Hennessee Hedge Fund index was down 3.43% for the year, the first time annual returns have been negative since the indexs 1987 inception. The Hedge Fund Research index of hedge funds reported a -0.77% return in 2002. Other indexes such as Tremont, VAN Hedge Fund Advisors International, MSCI and S&P have yet to report December and year-end results.
Hedge fund performance had its worst year ever in 2002, according to...
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