December 2015 saw hedge funds add to their losses from the previous month and finish the year mostly in the red. Composite hedge fund performance, equal-weighted across funds, saw returns of -1.33% to -0.98% in December, closing at the year with annual returns between -3.64% and +0.79%. Although a few strategies were able to post gains for the month, both December and the year were fairly disappointing for the class. Perennial under-performer Dedicated Short was December’s top-performing hedge-fund category, gaining 0.40% for the month. Equity Market Neutral was second at +0.01%. Some of the month’s worst performers included CTA/ Managed...