Funds end 2005 on strong note

By Mathieu VaissiéFebruary 2006 (Magazine)

All strategies except for CTA global exceeded their long-term average performance in December. Convertible arbitrage was the only strategy to end the year with a negative cumulative performance. Interestingly, the average performance of the hedge fund industry, proxied by the performance of the Edhec funds of funds index, was almost ...