Reuters – Hedge funds rose 0.6 percent last month, trailing a global stock rally after the European Central Bank announced specifics of its bond-buying plan and the U.S. Federal Reserve said it would buy mortgage-backed securities.
Multistrategy, global macro (BBHFMCRO) and long-short equity managers all rose. The MSCI All-Country World Index (MXWD) climbed 3.2 percent, including reinvested dividends, after ECB President Mario Draghi said policy makers agreed to an unlimited bond-purchase program and the Fed said it would expand its holdings of long-term securities with open-ended purchases of $40 billion of mortgage debt a month.
