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Article: Hedge Fund Returns Up, Redemptions Down
- Article from:
- Reuters Hedgeworld
- Article date:
- June 30, 2009
CopyrightCopyright 2009 Reuters Hedgeworld. Provided by ProQuest LLC. (Hide copyright information)
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BOSTON (Reuters) - Hedge funds are living up to their high-
flying reputation again with strong returns in the last three
months, but many investors burned by last year's losses are
clamoring for reforms before committing new money.
Final June quarter data will not be released until next week, but
Merrill Lynch analysts who track returns in the $1.3 trillion
industry wrote on Monday [June 29] that hedge funds will likely post
their best quarterly performance since early 2000.
The rebound became visible in April when the average hedge fund
returned 2.7%. It gained strength in May with a 4.4% rise, Merrill
Lynch analysts wrote. For the second quarter, they estimate a gain
of 6% or more.
That ...