Hedge funds post positive 2002 figures

Hedge funds posted positive returns over 2002, rising on average 3.73%, according to the MSCI Hedge Fund Composite Index.

The index recorded an average gain of 1.18% for the month of December return for the MSCI World Equity Index, compared with a -4.95% December, and -21.06% annual return.

Negative performance was recorded in the MSCI Hedge Fund Equity Index, which consists of hedge funds focusing on equities. It declined -0.21% in 2002, although it has gained an annualised 5.44% over the past