CTpost – Hedge funds climbed 0.4 percent in March to the highest level in more than two years as financial markets brushed off Japan’s strongest earthquake on record and some managers bought stocks after the initial selloff.
The Bloomberg aggregate hedge-fund index rose to 126.19 from 125.18, a level not reached since July 2008. Multistrategy hedge funds and long-short stock funds gained, while funds betting on economic trends declined.
