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Hedge Funds Acted Like Hedge Funds in May

Many long-short funds reported smaller monthly losses than the stock market, while other funds posted gains.

Hedge funds appear to have done a good job of hedging in May, if the early performance numbers are anything to go by.While the Standard & Poor’s 500 stock index fell more than 6 percent and the Nasdaq Composite lost more than 8 percent for the month, many hedge funds

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