Dow Jones -After getting hammered by a market slump the week after the Japan earthquake, hedge funds may be able to salvage what could have been one of the worst months for the industry since the global financial crisis.
Japan’s Nikkei 225 index is still down about 10% since the quake struck on March 11. But the equity benchmark has surged more than 10% since hitting a post-quake low on March 15. In the U.S., the Standard & Poor’s 500 index has recouped its quake-related losses and is now up about 1.6% since March 10, the day before the disaster struck Japan.
