Hedge Funds Facing Worse Year Since 1990

Friday, 09 Dec 2011 06:42 AM

By Forrest Jones

This year could shape up to be the worst year for hedge funds since 1990 overlooking 2008, which was roiled by the near collapse of the global financial system, according to data from Hedge Fund Research.

The average hedge fund has lost 4.37 percent so far this year in absolute returns, Hedge Fund Research reports, and while 2008 was worse, disaster struck all at once in the last quarter of the year, while 2011 roiled in volatility all year, the Financial Times reports.

Blame the eurozone crisis and issues such as political impasses during the U.S. debt ceiling debacle and ensuing downgrade of U.S. ratings by Standard & Poor’s.

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via Hedge Funds Facing Worse Year Since 1990.

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