(Bloomberg) Equity hedge funds are getting a pick-me-up after a harsh 2016, when they suffered almost a third of the industry’s withdrawals, amid a global stock rally. The long-short strategy returned 3.2 percent in the first quarter on an asset-weighted basis, marking the best start to a year since 2013, according to Hedge Fund Research Inc. The strategy was the top performer over the period, with the average hedge fund returning 2.3 percent, on a fund-weighted basis.
Equity Hedge Funds Post Best Start to Year Since 2013
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