I guess they just weren't ready for high oil prices and an economic downturn at the same time. I wonder how these guys would have done in the early 70s?
Hedge funds delivered their worst performance on record during the first half of 2008, revealing that the industry has not been immune to the broader market turmoil.
As a group, hedge funds declined 0.68% through the end of June, and are down 0.75% so far this year, according to numbers published this week by industry tracker Hedge Fund Research.
The figures represent the worst first-half of the year performance for the industry since the research group began tracking returns in 1990.
No comments:
Post a Comment