(Bloomberg) Hedge funds posted their best annual start in four years, driven by equities, as President Donald Trump’s plans to stimulate economic growth by reducing taxes and regulation buoyed markets.
The industry gained 1.2 percent last month, according to Hedge Fund Research Inc.’s Fund Weighted Composite Index, the biggest rise for a January since 2013. Andreas Halvorsen’s Viking Global Investors, Ken Griffin’s Citadel, Izzy Englander’s Millennium Management and Dmitry Balyasny’s Balyasny Asset Management all posted gains.
