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Hedge funds returns at 11-year-highs in 2020: data

Global hedge funds posted average returns last year of 11.6%, the best year for the industry since 2009, as they took advantage of market volatility due to the pandemic, according to data from industry tracker Hedge Fund Research (HFR).

U.S. stock funds draw $2.2 billion in week: Lipper

U.S. equity funds saw inflows of $2.2 billion in the week ended Wednesday, a period when Wall Street indexes hit record highs on optimism that President-elect Joe Biden will be able to push more economic stimulus through a Congress controlled by Democrats.

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