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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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