14th Jan 2020 - 9:39am Hedge funds up 8.58 per cent in 2019, recording their strongest year since 2013 Submitted 14/01/2020 - 9:39am Hedge fund managers were up 1.52 per cent in December, pushing their year-to-date return to 8.58 per cent. The official announcement of the completion of the US-China phase-one deal provided support to risk assets, pushing the global equity market higher during the month. The MSCI ACWI (Local) was up 23.44 per cent in 2019. On an asset-weighted basis, hedge funds were up 1.53 per cent in December, as captured by the Mizuho Eurekahedge Hedge Fund Index (USD).