Bloomberg Equity hedge funds are getting a pick-me-up after a harsh 2016, when they suffered almost a third of the industry’s withdrawals, amid a global stock rally. The long-short strategy — the top performer — returned 3.2 percent in the first quarter on an asset-weighted basis, marking the best start to a year since 2013, according to Hedge Fund …

  DUBAI / Reuters Most stock markets closed down on Monday with volumes low as geopolitical risk kept institutional funds away, but Abu Dhabi’s energy company TAQA kept rising after the government increased its stake in the company last week. Abu Dhabi’s index fell 0.4 percent, with shares of the recently merged lender First Abu Dhabi Bank down 0.9 percent, …

  DALLAS / AP The airlines are getting better at sticking to their schedules and are losing fewer bags. Their customers seem to be complaining less often. Those are the findings of an annual report on airline quality being released on Monday by researchers at Wichita State University and Embry-Riddle Aeronautical University. The researchers use information compiled by the US …