Hedge funds gained 9.03 percent last year, the best annual performance since a 9.75 percent gain in 2010, led by Long Short Equity funds, and buoyed by the second-longest bull market in the U.S. Last year, 42 percent of all funds notched double-digit gains -- the most since since 2013 -- and more than double the 17 percent that reported negative returns.
December’s average gain of 1.24 percent resulted in the 14th consecutive month of advances, the longest winning streak since the dot-com bubble topped out in March 2000.
