Hedge Funds Set to Post Worst Month Since 2000

Date: Wednesday, December 5, 2007
Author: William Hutchings, The Wall Street Journal

Hedge funds are set to record their worst month of returns since 2000 after struggling to protect the value of their portfolios from last month's volatile markets.

The industry lost 2.6% of its investors' capital in the first 29 days of November, according to an investable, global hedge-fund index published at the end of last week by U.S. data provider Hedge Fund Research. The result is worse than the loss of nearly 2.6% recorded in August. The index hasn't recorded another loss of 2% or more since April 2000, the end of the technology boom, ...

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