Hedge Funds' Robust Returns Keeping Pace With 2012

Law360, New York (October 17, 2013, 12:00 PM ET) -- The global hedge fund industry posted a strong third quarter with net gains of more than 3 percent and appears poised to match or even eclipse its performance in 2012, according to a survey by U.K.-based industry consultant Preqin Ltd. released Thursday.

Hedge funds posted an overall net profit of 3.24 percent for the quarter, boosting year-to-date gains to 7.17 percent, Preqin said. The strong quarter brought the industry closer to 2012 levels — hedge funds had gains of 7.37 percent for the first three quarters...
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