(Opalesque) After a streak of lackluster performance, hedge funds seem to be on the mend. New performance data from eVestment shows that hedge funds ended Q1 in positive territory up +2.63 percent for the quarter. Returns for the past 12 months now stand at +8.48 percent. In all of 2016, hedge funds returned +5.61 percent. Asset flows have started to come back too. According to additional data from eVestment, investors made $7.9 billion in new allocations to the industry in February. March allocation data is still being compiled.
Hedge funds close out Q1 in positive territory
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