Impact of Size and Age on Hedge Fund Performance: 1996 - 2011
October 2012
PerTrac's sixth annual research study "Impact of Size and Age on Hedge Fund Performance: 1996 - 2011" examines the performance trends for funds of different sizes and ages. The study provides the most recent full-year data on hedge fund performance along with information dating back to January 1996 for historical and directional consideration.
Key findings of the study include:
- The average large hedge funds performed better than small funds during negative performance years of 2008 and 2011
- Large funds dipped 2.63% on average in 2011, the least compared to the average small fund's 2.78%, and average mid-size fund 2.95% slides. Large funds also maintained lower annualized volatility statistics relative to small funds
- The average young fund has returned a cumulative 827%, since 1996 nearly double that of the 446% return for the average mid-age funds and well beyond the 350% posted by tenured funds
- The average young fund has had 144 positive and 48 negative months since 1996, mid-age funds has had 136 positive and 56 negative, while the tenured funds has had 129 positive and 63 negative
- Plus lots more...
This PerTrac study, is unique because it is the only one that aggregates information from fifteen leading global databases, including five distinctive dead fund databases.
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