Quarterly and Monthly Results Reflect Unusual Volatility

Returns range from Alden Global’s big 15.5 percent gain in the first quarter to a number of big names treading water.

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As hedge funds start to report their results for March and the first quarter, performance overall is shaping up as one of the more volatile periods in a while.

This is underscored by the wide range of returns being reported so far during a period when the Standard & Poor’s 500 index rose only 1.7

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