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Article: Hedge Funds in 2002: Setting the Record Straight; A Commentary by George Van, Chairman of Van Hedge Fund Advisors International, Inc.
- Article from:
- Business Wire
- Article date:
- October 31, 2002
CopyrightCOPYRIGHT 2002 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
NASHVILLE, Tenn.--(BUSINESS WIRE)--Oct. 31, 2002
Hedge funds have been in the news quite a lot recently, and much of the reporting has been negative. Has it presented a balanced view? Let's examine that question, review hedge fund performance for the industry as a whole and then conclude with a diagnosis of the health of the hedge fund industry, warts and all.
Hedge Fund Performance In 2002
-- Through September, the average U.S. hedge fund has lost -3.6%; in the same period, the Average Equity Mutual Fund ("AEMF") and the S&P 500 have lost -25.0% and -28.2% respectively.
-- About 50% of all hedge funds have been ...