Hedge funds saw a positive first quarter, taking advantage of March's rally in equities and global cr...
Hedge funds saw a positive first quarter, taking advantage of March's rally in equities and global credit markets. Morningstar 1000 Hedge Fund Index rose 2.1% in March, according to preliminary results, while the currency-hedged Morningstar MSCI Asset-Weighted Hedge Fund Composite Index grew 0.1%. While March's rally allowed hedge funds some modest gains, the fund research company says hedge fund managers will continue to remain cautious, not believing the economy to be out of the water yet, says Nadia Papagiannis, Morningstar's hedge funds analyst. Its MSCI Developed Markets Hedge Fund...
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