Hedge Funds Win With Long/Short Strategies in Q1

Not surprisingly, Equity Long/Short turned out to be the best-performing strategy in Q1 with an average return of 4 percent, as calculated by various hedge fund data sources. Among the small to medium sized hedge funds, Glenhill Capital was up 5.8 percent in the first two months of the year. GlenHill, a L/S equity hedge fund managed to perform well compared to the return on S&P 500, which rose 6.6 percent in the same period with dividends reinvested.     Glenhill hedge fund Glenhill was able to profit from Sealed Air Corp (NYSE:SEE), Fifth & Pacific Companies Inc (NYSE:FNP), Restoration…