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Article: Hedge Funds End 2001 Up 4.4%: Global Macro Soars Ahead 18.4%
- Article from:
- Daily News
- Article date:
- January 15, 2002
- Author:
CopyrightCopyright 2002 Daily News. Provided by ProQuest LLC. (Hide copyright information)
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NEW YORK (HedgeWorld.com) - The CSFB/ Tremont* Hedge Fund Index
finished December up 1.2%, pushing the alternative benchmark to a
year-end showing of 4.4% in 2001, a period in which traditional
indices like the S&P 500 and Nasdaq fell by double digits.
In absolute terms, 2001 was the worst year on record for the
alternative benchmark since 1998, when hedge funds tracked in the
index fell 0.36%, while the Standard & Poor's 500 Stock Index gained
26.7%.
But in relative terms, 2001 was a winner for the hedge fund
benchmark based on outperformance of traditional indexes. A 4.4% gain
for CSFB/ Tremont Hedge Fund Index in 2001 stood up solidly against a
decline of 13% for the S&P 500 and a loss ...