HF up 3.30% in Dec

Eurekahedge: Hedge fund managers were up 3.30% in December and returned 11.68% in 2020 – recording their best annual performance in over a decade. In comparison, the underlying global equity market as represented by the MSCI ACWI gained 12.32% in 2020, despite its 21.44% decline in the first quarter. Around 34.6% of the constituents of global hedge funds have outperformed the global equity market throughout the year and 18.0% of them delivered an annual return in excess of 20%.