Vega hedge funds post mostly small gains in December


NEW YORK, Jan 31 (Reuters) - Vega Asset Management Partners LP, a $7.5 billion hedge fund manager, posted marginal gains for most of its seven funds in December after suffering losses during 2005, according to a Vega investor newsletter obtained by Reuters on Tuesday. New York-based Vega, which was founded by former Banco Santander star trader Ravi Mehra a decade ago, returned a net gain of .52 percent for its flagship global fund in December, but showed a negative 1.5 percent net return ...

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