{"id":5514,"date":"2007-01-10T00:00:00","date_gmt":"2007-01-10T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"2006-good-year-for-hedge-funds","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2007\/2006-good-year-for-hedge-funds.html","title":{"rendered":"HFN Reports 2006 as Good Year for Hedge Funds"},"content":{"rendered":"<p><span class=\"copy\">HedgeCo.Net (New York) &#8211;<\/span> Early estimates from HFN Hedge Fund Aggregate Average shows plus 1.36% in December and finished 2006 at almost plus 12%. Although trailing theS&amp;P 500 TR&#8217;s +15.80%, 2006 was the best year for hedge funds since 2003 when they returned an average of just over plus 21%.<\/p>\n<p>Since 2001, the HFN Aggregate Average has increased by over 11% while the S&amp;P 500 has a yearly return of 2.94%, HFN reports an equal weighted average of all single manager hedge funds andCTA\/managed futures products in the HedgeFund.net database, the HedgeFund.net database consists of over 7,000 current hedge funds and fund of funds.<\/p>\n<p>Emerging markets were the place to be in 2006. Despite a turbulent summer, EM funds outperformed every other hedge fund strategy. The HFN Emerging Markets Average was +2.84% in December and finished2006 +21.72%. The year ended strong for most emerging markets with the noticeable exception being Thailand where the implementation of capital controls, though only lasting one day, caused thecountry&#8217;s equity market to finish down over 8% in December.<\/p>\n<p>The energy sector ended a volatile year on a soft note. The HFN Energy Sector Average was flat in December, -0.01%, and +12.23% for 2006, but returns are more impressive taking into account thatwhile crude oil prices were an average of 16.5% higher throughout the year, natural gas prices were an average of 22.5% lower compared to 2005.<\/p>\n<p>Equity related strategies were prime beneficiaries of global market trends and other strategies which had notable years were distressed and convertible arbitrage funds.<\/p>\n<p align=\"left\">  Alex Akesson<br \/>  Contributing Writer<br \/>  HedgeCo.Net<br \/>  Email: <a href=\"mailto:Editor@hedgeco.net\">Editor@hedgeco.net<\/a>   <\/p>\n<div align=\"left\">\n<p align=\"left\">    HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on www.hedgeco.net is FREE and EASY. We also offer FREE LISTINGS for Hedge    Funds!  <\/p>\n<div align=\"left\">\n<p align=\"left\">      <strong>Be sure to check out our sister sites. <a href=\"http:\/\/www.hedgefundlounge.com\/\">www.hedgefundlounge.com<\/a>, <a href=      \"http:\/\/www.hedgefundtools.com\/\">www.hedgefundtools.com,<\/a><\/strong> and <a href=\"http:\/\/www.hedgefundemployment.com\/\"><strong>www.hedgefundemployment.com.<\/strong><\/a>    <\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>HedgeCo.Net (New York) &#8211; Early estimates from HFN Hedge Fund Aggregate Average shows plus 1.36% in December and finished 2006 at almost plus 12%. Although trailing theS&amp;P 500 TR&#8217;s +15.80%, 2006 was the best year for hedge funds since 2003 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-5514","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5514","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=5514"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5514\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=5514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=5514"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=5514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}