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Editor’s Letter


Average hedge fund performance for 2018 ranged from -3.19% for the Credit Suisse Hedge Fund Index, through -3.81% for the Mizuho-Eurekahedge Index, to -4.01% for the HFRI Fund Weighted Composite Index, and -5.01% for the Barclay Hedge Fund Index. As most of these are USD-denominated, returns for GBP, EUR, or CHF-denominated share classes, or returns hedged back to European currencies, will have been lower by 2% or more.

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