The Hennessee Hedge Fund Index advanced +0.3% in December (+11.6% YTD), while the S&P 500 declined -0.9% (+3.6% YTD), the Dow Jones Industrial Average fell -0.8% (+6.4% YTD), and the NASDAQ Composite Index declined -0.3% (+9.8% YTD).
Bonds rose in December, as the Lehman Aggregate Bond Index increased +0.3% (+7.0% YTD).