January 10, 2006

Hedge Funds Moved Up 9.2% in 2005

During 2005, Hedge funds, the loosely regulated partnerships that generally cater to the wealthy investors and institutions, moved by 9.2 percent on average. The performance was helped by the stock-market rally in the second half, according to Hedge Fund Research Inc. Bloomberg reports:

Performance had been mixed early in the year, but they finished on par with last year after a strong second half,'' said Josh Rosenberg, president of Hedge Fund Research, in an interview yesterday. The Standard & Poor's 500 Index rose 5.8 percent, including dividends, during the last six months of 2005.

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