2009-01-09 — reuters.com
Hedge funds suffered their worst full-year loss ever in 2008 and some of the industry's biggest stars took a beating but their decline was less steep than the 38 percent drop for the average stock mutual fund, data released on Thursday showed.
The average hedge fund lost 19.2 percent last year according to data from New York-based consultants the Hennessee Group, and 18.30 percent according to Chicago-based Hedge Fund Research (HFR).
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