Hedge funds returned a healthy 1%, wrapping up a tumultuous 2008 at -12.3%. Hedge fund assets fell US$380 billion or 20% in 2008, from just under US$1.9 trillion to just over US$1.5 trillion.
Highlights of hedge fund performance and asset flows for the month are as follows:
|December 2008||US$ billion|
|Net Asset Flows||-66.6|
|Positive Performance (growth)||30.4|
|Negative Performance (decline)||17.6|
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