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Hedge Funds Rose 0.9% Last Month on U.S. Budget Agreement

Hedge funds climbed 0.9 percent last month, posting their best gain since September while trailing global equities, as markets rallied in the wake of a U.S. budget agreement and correlation between stocks diminished.

Steven A. Cohen, John Paulson, Boaz Weinstein and John Burbank posted advances. Long-short and multistrategy managers rose and macro funds declined.