While nearly half of fund managers expected to return between 5% and 6% at the end of 2014, the average return managed by the hedge fund industry was just 3.9% through the end of last month. According to Preqin's Hedge Fund Spotlight for the month of December, hedge fund performance this year was quite underwhelming compared to last year when Preqin’s All Strategies benchmark returned 10.65% through November 2013.
CTAs ride high after a long break
Preqin further reports that just 18% of hedge funds were successful in beating the average return of 2013 in this year. The surprise comeback was pulled by Commodity Trading Advisers, which rose to stardom...
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