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The year to date return of this portfolio (through September 30, 2007) was 5.28percentt.
The year to date return is 3.6% gross and 2.6% net respectively".
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Next to that number, displayed as prominently, was the year-to-date return through October.
Those two bets have been good for investors, providing one-quarter of the year-to-date return.
After a dismal 2011, the new year seems to be breathing life into the hedge fund industry, according to the year-to-date return figures aggregated by industry trackers.
PETER LATTMAN STRONG START After a dismal 2011, the new year seems to be breathing life into the hedge fund industry, according to the year-to-date return figures aggregated by industry trackers.
His previous caution is reflected in the fund's robust year-to-date return through Thursday: 30.7 percent, compared with a 8.7percentt loss for its peer group, according to Morningstar Inc.
The market leader, Covad Communications, which serves 96 markets and plans to expand to 70 more by year-end, is trading near its 52-week low, closing Friday at $15.06 for a negative year-to-date return of 59.6percentt.
A Credit Suisse index puts the year-to-date return at around 4 percent, and an industry analyst estimates that it will end the year at as much as 7 percent - a decent return for an investment that usually takes less than a year to come to fruition.
Even the NorthPoint Communications Group, in which Verizon Communications, the phone giant, is acquiring a controlling interest, has had a negative year-to-date return of 51.6percentt, closing on Friday at $11.63 and offering further evidence that investors remain sour on these stocks.
The biotech fund's year-to-date return is just 0.3%.
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