Hedge Funds End 2011 on a Very Bad Note
By KEVIN ROOSE and AZAM AHMED
When the history books are written, 2011 may go down as the dark ages for hedge funds.
Last year was dismal for hedge fund performance, according to an index maintained by Eurekahedge, an independent information firm that specializes in hedge fund data.
Amid political uncertainty, the debt-ceiling debate in Congress and mounting fears of a European financial crisis, the Eurekahedge index, which measures average returns, dropped 4.1 percent for the year.