Moody's Corp. (MCO) Declares $0.56 Quarterly Dividend; 1% Yield

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Go back to Moody's Corp. (MCO) Declares $0.56 Quarterly Dividend; 1% Yield

Bruised hedge funds tentatively looking for risk again

April 21, 2020 1:10 AM EDT

By Saqib Iqbal Ahmed

NEW YORK (Reuters) - After a tough March, some hedge funds, emboldened by early signs of the coronavirus outbreak peaking in some of the biggest U.S. hot spots, have begun tentatively adding to risk.

Worries over the economic hit from the virus slammed riskier assets in February and March. Still, hedge funds outperformed the market, with the HFRX Equity Hedge index down 9.58% in March, compared with a 12.5% decline for the S&P 500 Index.

"In long/short equity there is a small amount of re-risking that has been going on... More