Hedge funds generated positive performance during Q1 2025, up 0.7%, outperforming equities but underperforming bonds. On an asset-weighted basis, quant was the top strategy for Q1, returning 2.4%; however, equally weighted performance was much lower at 0.1%. There was broad dispersion in quant sub-strategy returns.Equity L/S was the only strategy with negative returns at -1.7%, generally dragged down by equities market performance during Q1. The best-performing strategies in 2024 (multi-strategy...