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Macro finds favour

Merger arbitrage is proving popular while European long/short's outlook is poor

The rash of recent European long/short may not be finding favour with fund of funds managers, who rated this strategy's performance as poor in the latest monthly survey of multi-managers' opinions by Hedge Funds Review.

Fund of fund managers rated performance and outlook for European equity poor, along with that of technology sector hedge funds, and turned most readily instead to event driven

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