LONDON Some hedge funds who shunned or bet against European government bonds only three months ago are buying again as a sharp rise in yields offers them returns after a lacklustre 2016 for the industry. Most hedge funds spent last year aggressively "short" on government bonds, but portfolio managers at individual funds and investment companies that invest in hedge funds - so-called funds-of-funds - told Reuters some are changing their view. "We hear diverging opinions," said Pacome Breton, head of portfolio management at hedge fund allocator FQS Capital Partners. "Some after the rally up to December were cautious and taking...