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Hedge funds normalise further

Hedge fund managers have regained their self-confidence, a report from the Northern European financial group showed yesterday. Liquidity and investability are key factors in their optimism, the data showed. “Hedge funds can look forward to a couple of really good years,” the group said. For hedge fund strategies, the group has a positive view of equity long/short, fixed income and macro. “We are still more reserved about distressed and event driven strategies,” it said. Hedge fund performance, as measured by the HFRX Global hedge index shows an upturn so far this year of nine per cent