Distressed, event-driven, India top hedge returns

Hedge funds returned 1.32% last month, as tracked by financial technology solutions firm eVestment, with event-driven and India strategies standing out as the best performers. The asset class underperformed the S&P 500 Total Return index’s 2.35%. Of the 11 strategies tracked by eVestment, event-driven and distressed outperformed long/short equity. eVestment's findings were based on information taken from its research database, which comprises 7,784 active funds from across…