Rehabilitating macro hedge funds

(Reuters) For all the bad press, much-maligned hedge funds have had their best start to the year in decades, while mixed stock and bond funds flattered to deceive – and even macro hedge funds are back in vogue.

High-profile battles between short sellers and online day traders over Gamestop, as well as the Archegos and Greensill debacles, made 2021 appear to be a nightmare for the industry.

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