Hennessee

"It was a disappointing year for hedge funds as they underperformed broad market returns for the second year in a row," said Charles Gradante , co-founder of Hennessee Group.

Hedge Funds Lost Ground in 2011 Melodie Warner 2012

The Hennessee Arbitrage/Event Driven Index slipped 0.1% in December and was down 2.2% for the year, making it the best performing sub-strategy.

Hedge Funds Lost Ground in 2011 Melodie Warner 2012

"Managers benefited from modest net long exposure, but overweight exposure to cyclicals, shorts and hedges detracted from performance," said Charles Gradante , co-founder of Hennessee Group.

Hedge Funds Rose 1.4% in February Melodie Warner 2011

The Hennessee Global/Macro Index declined 0.6% in December and 8% for the year, driven by losses in international and emerging markets.

Hedge Funds Lost Ground in 2011 Melodie Warner 2012

The Hennessee Hedge Fund Index rose 1.4% in February, while the Standard & Poor's 500-stock index rose 3.2% and the Dow Jones Industrial Average rose 2.8%.

Hedge Funds Rose 1.4% in February Melodie Warner 2011

Since the start of the year, Hennessee's hedge-fund index is up 1.45%, trailing the S&P 500 and Dow Jones Industrial Average.

Hedge Funds Slipped 1.2% in June Mia Lamar 2011

Hennessee said Monday that hedge funds declined 1.2% in June, less than the S&P 500 and the Dow Jones Industrial Average, which saw 1.83% and 1.24% declines, respectively.

Hedge Funds Slipped 1.2% in June Mia Lamar 2011

Hedge funds declined in June, though outperformed major stock indexes by a whisper, according to industry adviser Hennessee Group.

Hedge Funds Slipped 1.2% in June Mia Lamar 2011

"Hedge funds experienced another difficult month in June," said Lee Hennessee , managing principal of the firm.

Hedge Funds Slipped 1.2% in June Mia Lamar 2011

Hedge funds posted gains again in February in spite of heightened volatility caused by civil unrest in the Middle East and North Africa, according to hedge-fund adviser Hennessee Group LLC.

Hedge Funds Rose 1.4% in February Melodie Warner 2011