Thursday, January 14, 2010
55% of Hedge Funds Recover from 2008 Losses; Barclay Hedge Fund Index Gains 24.14% in 2009
FAIRFIELD, Iowa, January 14, 2010– Hedge funds rebounded from 2008 losses with a 24.14% gain in 2009 according to the Barclay Hedge Fund Index compiled by BarclayHedge.
“Based on our calculations, close to 55 percent of single manager hedge funds now have a profit for the time period from June 1, 2008 to December 31, 2009,” says Sol Waksman, founder and president of BarclayHedge. “Of those funds that are still in negative territory, the average loss is currently at 17 percent.”
Read the entire Hedge Fund Press Release by clicking here.
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