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December 19, 2005
Hedge Funds Average 1.48% Returns for November
As reported by Credit Suisse First Boston and Tremont Capital Management, Hedge funds as a class of investments clocked returns averaging about 1.48% in the month of November. This was driven by rising stock markets and a strong U.S. dollar, which helped hedge fund managers with better returns. Marketwatch reports:
The CSFB/Tremont Hedge Fund Index, which tracks the performance of more than 400 managers, is up 5.9% so far this year, outperforming U.S. equity benchmarks such as the Dow Jones Industrial Average and the Nasdaq Composite Index, CSFB and Tremont said in a statement...
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