Hedge Fund News From HedgeCo.Net

Which Hedge Funds Topped Markets’ First Quarter Performance?

CNBC – A handful of prominent hedge fund managers reported strong first quarter results after the industry recorded dismal returns in 2011, but only a few managed to top the performance of the rallying U.S. stock markets.

Daniel Loeb’s Third Point Partners fund gained 7.1 percent during the first three months of the year while his Third Point Ultra fund jumped 10 percent, a person familiar with the numbers said.

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