Hedges drop, but beat out other indicators

The Hennessee Hedge Fund Index declined 2.8% in January after finishing 2007 up 11.64%.
FEB 07, 2008
The Hennessee Hedge Fund Index declined 2.8% in January after finishing 2007 up 11.64%. The index, which is compiled on a monthly basis by New York-based Hennessee Group LLC, fared better than other economic indicators with the S&P 500 falling 6.1%, the Dow Jones Industrial Average sinking 4.6% and the Nasdaq Composite Index dropping 9.9% in January. The Lehman Aggregate Bond Index went against the grain and increased 1.9% for the month. A Hennessee Group spokesman said further details on its index’s January performance would be released tomorrow

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