Jan 08, 2012
in
Hedge Funds
The issue of which index to use as a performance benchmark is rarely all that clear. One thing that is clear -- hedge funds had a terrible year in 2011. The Bloomberg hedge fund index was -4.9% in 2011. The HFRX Global Hedge Fund index was -8.9% in 2011. The HFRX long-short equity index was down a staggering -19.1%. Meanwhile, a standard 60-40 stock-bond balanced return using index funds was +4.1% for the year. Below is the breakdown by quarter:
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