Titans tussle over the outlook for hedge funds

According to Eurekahedge, May 2009 was the best month in almost a decade for hedge funds. Their overall index was up 5.2% and the industry showed inflows of $1.5 billion, the first time in almost a year that money has come in. Topmost were Asian hedge funds with a corking 9% return, and even Japan came out 4.2% ahead.