Reuters – Hedge funds are cashing in some of their chips after enjoying a bumper first quarter, wary that a sudden change in market sentiment could see them take the sort of losses suffered in last year’s volatile markets.
Hedge funds returned 5 percent in the first two months of the year, the best start to a calendar year since 2000 according to Hedge Fund Research, as the European Central Bank’s 1 trillion euro ($1.3 trillion) ca s h injection boosted assets across the board.
