Hedge funds are flying high

Five months in and it’s been a pretty good year for hedge funds with the HFRI fund weighted composite index up 4.4 per cent year to date, following its strongest first quarter performance since 2006. The index fell 5.25 per cent last year.

http://ftalphaville.ft.com/blog/2012/05/08/990811/hedge-funds-are-flying-high/