Distressed Securities Does it Again
The distressed securities subsector of the hedge fund business just turned in the best performance of 2006, putting up a 15.5% number. That was impressive, but comes following similar outperformance in the preceding three years. Remarkable stuff.
NET % YTD 52-WK
CLOSE* CHG CHG % CHG % CHG
Convertible Arbitrage 130.95 -0.09 -0.07 10.3 10.4
Merger Arbitrage 123.83 -0.16 -0.13 9.0 9.1
Event Driven 141.39 0.06 0.04 12.4 12.5
Distressed Securities 174.89 -0.01 -0.01 14.8 15.5
Equity Market Neutral 108.77 -0.06 -0.06 7.1 7.2
Equity Long/Short 113.80 -0.21 -0.18 7.7 7.2
*Estimates as of 12/22/06, after fees.
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