Friday, 8 May 2009

Hedge funds have their best month in years

Hedge funds posted their best monthly returns in nine years in April as they took advantage of rallying stock markets and opportunities in the energy and fixed income markets.

On average, hedge funds gained 3.8 per cent over the course of the month, taking their year-to-date gains to 4.2 per cent, according to Hedge Fund Research, the data provider.

This marks the strongest monthly gain since February 2000.

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