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Finally, hedge funds deliver: Equity strategies hit eight-month high

Finally, hedge funds deliver: Equity strategies hit eight-month high

Hedge funds enjoyed a strong start to 2013 with strategies exposed to equity risk posting their best returns in eight months.

As global markets gained momentum, a spread of hedge funds strategies delivered positive returns, with long/short equity funds posting a typical 3.40% for last month, while event driven strategies delivered 2.26%.

Recent reports by the EDHEC-Risk Institute found some strategies such as short selling cost hedge funds dear during 2012.

With a number of stock markets opening the year on a high, it is perhaps unsurprising short selling continued to hold them back in January.

According to the EDHC, these strategies posted losses of 4.9% during January, while the other 12 strategies it monitored ended the month in positive territory.

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Profile: The opportunity set that attracted Brett Williams to wealth management

Profile: The opportunity set that attracted Brett Williams to wealth management

Brett Williams is best known for helping to build some of the biggest platforms in the IFA market.He made the move over to wealth management to head SEI’s UK business earlier this year in the belief that this is where the best opportunities now lie.

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