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Hedge Funds Climbed 0.2% in January as Global Stocks Rallied

Hedge funds gained 0.2 percent in January as equities around the world had the best start in 18 years after U.S. economic growth showed signs of accelerating and European leaders moved closer to a solution for the region’s debt crisis.

The Bloomberg aggregate hedge fund index increased to 114.63 from 114.36 in December as long-short equity, global macro and multistrategy funds all climbed. Hedge funds fell 4.9 percent last year as concerns grew that Europe’s debt crisis couldn’t be contained and stocks experienced sharp price swings.